Tag Archives: fiscal policy

The number-cruncher in me cringed in sympathy for the anonymous research nerds who made the now-famous math error in the Ontario NDP’s fiscal platform. They wrongly added a $700 million contingency reserve to net revenue, instead of to expenses.  The result is an underestimation of the planned deficit (if we include that reserve – more on that below) by $1.4 billion in each year. Pompous voices predictably crowed that this error confirms the NDP’s supposed lack of fiscal credibility. In...

Severe as it has been for the welfare of the British people, eight years of so-called austerity under three Conservative governments are but the most recent manifestation of Tory assaults on public services.  Since Margaret Thatcher became prime minister almost forty years ago, contracting the public sector has been a constant theme across Tory governments.Chart 1 shows total pubic spending as share of GDP over four decades, 1980-2017.  In the first three years of the Thatcher...

I’ve just written a blog post about the newly-signed federal-provincial-territorial housing framework agreement. This agreement builds on (and helps move forward) Canada’s National Housing Strategy, which was released last fall. One of the points made in the blog post is that the federal government’s stated objective of removing approximately half-a-million households from core housing need is very ambitious, in light of what we know about the Strategy. The link to the full blog post is...

On March 22, the NDP government of Rachel Notley tabled the 2018 Alberta budget. I’ve written a blog post discussing some of the major ‘take aways’ from the standpoint of Calgary’s homeless-serving sector (where I work). Points made in the blog post include the following:  this was very much a status quo budget; Alberta remains the lowest-taxed province in Canada (and still the only province without a sales tax); Alberta still has (by far) the lowest net debt-to-GDP ratio of any province;...

Posted by Nick Falvo under aboriginal peoples, Alberta, budgets, Child Care, education, fiscal policy, homeless, housing, HST, income, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, NDP, poverty, progressive economic strategies, public infrastructure, public sector procurement, public services, seniors, small business, social policy, student debt, taxation, user fees, women, workplace benefits. March 21st, 2018Comments: none The...

I’ve written a blog post about the 2018 federal budget. Points made in the blog post include the following: -Important new housing investments were made for First Nations, Inuit and Métis people. -The Working Income Tax Benefit was expanded, made automatic and rebranded (i.e., renamed). -Canada’s official unemployment is now the lowest it’s been in decades. -Canada’s federal debt-to-GDP ratio is (by far) the lowest of any G7 country. The link to the full blog post is here. Enjoy and...

I’ve written a blog post about this year’s Alternative Federal Budget (AFB). Points raised in the blog post include the following: -This year’s AFB would create 470,000 (full-time equivalent) jobs in its first year alone. By year 2 of the plan, 600,000 new (full-time equivalent) jobs will exist. -This year’s AFB will also bring in universal pharmacare, address involuntary part-time employment among women, eliminate tuition fees for all post-secondary students in Canada, speed up...

In anticipation of tomorrow’s provincial budget in British Columbia (BC), I’ve written a blog post about the state of homelessness in that province. Points raised in the blog post include the following: -Public operating spending by BC’s provincial government has decreased over the past 20 years. -Even after controlling for inflation, average rent levels across the province increased by 24% between 1990 and 2016. -Over the past several decades, various reforms to BC’s social assistance...

Yesterday I spoke on a panel discussion on economic inequality, along with Andrew Jackson and Armine Yalnizyan. We were guests at the federal NDP’s policy convention in Ottawa. The panel was moderated by Guy Caron. Topics covered included the minimum wage, basic income, affordable housing, the future of jobs, gender budgeting, poverty among seniors, Canadian fiscal policy in historical perspective, and Canadian fiscal policy in comparison with other OECD countries. The discussion was 30...

Economists often point out that, when spending and output growth in the private sector is moving really fast either up or down, the government can offset this. This fiscal offset can act as a stabilizing force in that it prevents the economy from overheating when private sector growth is running hot, It can also prevent a depression when private sector spending and output is collapsing. But sometimes, governments choose to mimic the private sector and amplify the trend in the economy. This...