Interim budget watchdog’s first report looks at infrastructure costs
OTTAWA – The interim parliamentary budget officer says spending commitments made by the government are more than enough to cover the costs of federal infrastructure for the next decade.
The first report of Parliament’s chief librarian-turned-temporary budget watchdog, Sonia L’Heureux, pegs the cost to fund infrastructure at existing levels through 2023-24 at $45 billion.
The report says new and renewed funding will provide $42 billion, while unspent program funding from previous fiscal years will add another $6 billion for a total of $48 billion.
“Funding proposed on the Economic Action Plan would cumulatively exceed the baseline amount by $3 billion,” the report states.
The PBO says the analysis looked at the five main sources of funding from the original 2007 budget commitments that was to take the infrastructure program to 2013-14 fiscal year. The sources include the gas tax fund to municipalities, the GST rebate for municipalities, the Building Canada…
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