Impulse Spending: Canada's 2011 Fiscal Accountability Rankings

Abstract

Fiscal pressures and sovereign debt concerns around the world are intensifying scrutiny of government finances. Even in Canada, where these pressures and concerns are less acute, federal and provincial fiscal controls could be better. Some Canadian governments still present budgets to their legislatures using different accounting than appears in their public accounts at year-end. Some present their public accounts far too late. Auditors do not always give unqualified approval. Most, however, have improved their financial reporting – with Ottawa, Ontario and New Brunswick standing out – showing that progress is possible, and setting the mark for others to follow.

Keywords: Fiscal & Tax Competitiveness, Canada, Canadian provinces, fiscal accountability rankings

JEL Classification: E62, H11, H72