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Dear John,
The federal government could save up to $10.7 billion this fiscal year by ending eight ineffective spending programs.
A new study published by the Fraser Institute today highlights eight federal programs where government spending does not appear to be accomplishing its stated goals, or where government funding is unnecessary:
$1.5 billion — Regional Development Agencies $1.7 billion — Federal support for journalism $587.6 million — Federal support for electric vehicle production and purchases $340.0 million — Two Billion Trees program $3.5 billion — Canada Infrastructure Bank $2.4 billion — Strategic Innovation Fund $202.3 million — Global Innovation Clusters $530.0 million — Green Municipal Fund
Though just a starting point, a savings of $10.7 billion would meaningfully improve federal finances and help Ottawa put the country’s finances back on a stable footing.
Learn more here [[link removed]], and be sure to help us spread this news far and wide.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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