Federal departments failed to spend $38B on promised programs, services last year
Federal departments failed to spend $38B on promised programs, services last year

By Lee Berthiaume THE CANADIAN PRESS OTTAWA- The federal government failed to spend tens of billions of dollars in the last fiscal year on promised programs and services, including new military equipment, affordable housing and support for veterans. Federal departments are blaming a variety of factors for letting a record total of $38 billion in funding lapse in 2021-22, including delays and disruptions caused by the COVID-19 pandemic. They also say much of the money remains available for future years. The unspent funds also played a big part in the Liberal government posting a smaller-than-expected deficit in the year ending March 31, 2022. Canada rang up a $90.2 billion deficit, $23.6 billion less than had been projected in the budget. The unprecedented amount of lapsed funding, much of which has

The post Federal departments failed to spend $38B on promised programs, services last year appeared first on The Turtle Island News.