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Less Debt, More Growth: A Shadow Federal Budget for 2019

Author

Listed:
  • William B.P. Robson

    (C.D. Howe Institute)

  • Alexandre Laurin

    (C.D. Howe Institute)

Abstract

The C.D. Howe Institute’s Shadow Federal Budget for 2019 looks past the overspending and deficits the federal government has adopted as its fiscal signature since its election in 2015. Instead, our focus is on ensuring the competitiveness and dynamism of the Canadian economy in the near and medium-term, setting the stage for a return to surpluses during the next Parliament. This Shadow Budget would improve tax competitiveness in the near term and lay the groundwork for a much-needed modernization of the tax system in the years ahead. It would enhance Canadians’ educational, labour-market and retirement prospects. It would facilitate international trade, invest in core federal infrastructure and reduce red tape. And, critically, it would improve fiscal accountability, contain spending and assure Canadians that their federal government is on a return to budget balance.

Suggested Citation

  • William B.P. Robson & Alexandre Laurin, 2019. "Less Debt, More Growth: A Shadow Federal Budget for 2019," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 531, February.
    • Handle: RePEc:cdh:commen:531
    as

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    File URL: https://www.cdhowe.org/sites/default/files/attachments/research_papers/mixed/Commentary_531_0.pdf
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    References listed on IDEAS

    as
    1. William B.P. Robson, 2017. "Enduring Virtues: Saving and Investing as National Priorities in 2017," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 467, January.
    2. Robert L. Brown & Shantel Aris, 2017. "Greener Pastures: Resetting the Age of Eligibility for Social Security Based on Actuarial Science," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 475, April.
    3. Peter Howitt, 2015. "Mushrooms and Yeast: The Implications of Technological Progress for Canada's Economic Growth," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 433, September.
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    5. William B. P. Robson & Alexandre Laurin, 2017. "Hidden Spending: The Fiscal Impact of Federal Tax Concessions," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 469, February.
    6. Jeremy Kronick, 2018. "Productivity and the Financial Sector – What’s Missing?," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 508, April.
    7. Steven Robins, 2017. "A Better Flight Path: How Ottawa can Cash In on Airports and Benefit Travellers," e-briefs 253, C.D. Howe Institute.
    8. Thorsten V. Koeppl & James MacGee, 2015. "Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 430, July.
    9. Tariq Fancy, 2012. "Can Venture Capital Foster Innovation in Canada? Yes, but Certain Types of Venture Capital Are Better Than Others," e-briefs 138, C.D. Howe Institute.
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    11. Nicholas Rivers, Randall Wigle, 2018. "An evaluation of policy options for reducing greenhouse gas emissions in the transport sector: The cost-effectiveness of regulations versus emissions pricing," LCERPA Working Papers 0107, Laurier Centre for Economic Research and Policy Analysis, revised 01 Jan 2018.
    12. Dan Ciuriak, 2015. "Making Free Trade Deals Work for Small Business: A Proposal for Reform of Rules of Origin," e-briefs 212, C.D. Howe Institute.
    13. Alexandre Laurin, 2015. "Shifting the Federal Tax Burden on the One-Percenters: A Losing Proposition," e-briefs 222, C.D. Howe Institute.
    14. Benjamin Dachis & John Lester, 2015. "Small Business Preferences as a Barrier to Growth: Not so Tall After All," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 426, May.
    15. William B.P. Robson & Alexandre Laurin, 2017. "Premium Compensation: The Ballooning Cost of Federal Government Employees," e-briefs 258, C.D. Howe Institute.
    16. Robin W. Boadway & Jean-François Tremblay, 2016. "Modernizing Business Taxation," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 452, May.
    17. William B.P. Robson & Farah Omran, 2018. "The Numbers Game: Rating the Fiscal Accountability of Canada’s Senior Governments," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 511, May.
    18. Kevin Milligan, 2014. "Tax Policy for a New Era: Promoting Economic Growth and Fairness," Benefactors Lecture 2014, C.D. Howe Institute.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Fiscal and Tax Policy; Federal Budgets;

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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