The federal government held on to more than $7 billion in approved spending last fiscal year at the same time as some departments and agencies struggled with a lack of funds – bringing total “lapsed” spending to more than $18 billion over the last two years.
The Conservative government continues to sit on billions of dollars in planned spending as it looks to balance the budget in 2015 and contemplates a series of tax breaks for Canadians, including expected income-splitting for families and a possible enhancement of the universal child-care benefit.
The numbers are contained in the Public Accounts, released Wednesday.
On Thursday, …read more
Source: Ottawa Citizen
