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FRASER UPDATE
A weekly digest of our latest research, commentary, and blog posts
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Latest Research
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Ontario can balance its budget this year by reducing spending by 4.8 per cent to 2015/16 levels
Learning from Ontario’s Past: How Ontario Can Avoid Another Post-Recession Debt Binge is a new study that focuses on how the provincial government could balance the budget by 2022/23, and what mistakes made by past governments should be avoided to ensure fiscal stability. Based on recent projections, the provincial government would need to reduce annual spending by $9.1 billion from its 2021/22 level to balance the budget in 2022/23—a 4.8 per cent decrease.
Read More [[link removed]]
Standardized testing on the wane in Canada, limiting ability to assess classroom performance
The Decline of Standardized Testing in Canada finds that the erosion of standardized testing in schools across the country will limit the ability of parents, teachers and principals to measure student performance and the overall health of the education system.
Read More [[link removed]]
Fraser Forum Podcast
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More Markets, Fewer Problems: The Economics of the Soviet Union [[link removed]]
Professor of Economics and Philosophy at George Mason University, the director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, BB&T Professor for the Study of Capitalism at the Mercatus Center, and senior fellow at the Fraser Institute, Peter J. Boettke, joins me this week to discuss the politics and economics of the Soviet Union, and how they eventually shifted to more open markets. We even get into the more tragic realities of living under socialism.
Commentary and Blog Posts
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Three things Canadians should look for in upcoming federal budget [[link removed]]
(Appeared in the Ottawa Sun) by Jake Fuss
Cutting regulatory red tape and removing internal trade barriers could help boost improve economic performance.
Like father like son—and Canadians will pay the price [[link removed]]
(Appeared in the Hub) by Jason Clemens and Niels Veldhuis
The federal debt is expected to eclipse $2 trillion by 2025-26.
Ottawa's emissions plan—Canada’s gift to Putin [[link removed]]
(Appeared in the National Post) by Ross McKitrick
Despite any rhetoric, the new plan will not affect the incidence of extreme weather.
Alberta ‘business’ group recommends several fatal economic errors [[link removed]]
(Appeared in the Edmonton Sun) by Matthew Lau
Emitting greenhouse gases makes sense whenever the benefits exceed the costs including environmental costs.
Spending reductions key to fiscal sustainability in Newfoundland and Labrador [[link removed]]
(Appeared in the St. John's Telegram) by Alex Whalen and Jake Fuss
Despite the most difficult fiscal position in Canada, the province increased program spending in nine of the last 10 years.
Climate policy—modelling vs. market-based measures [[link removed]]
by Kenneth P. Green
Taxes and pricing allow for ongoing assessments and refinement of control over time.
New Brunswick budget brings tax relief—but more is needed [[link removed]]
(Appeared in the Fredericton Daily Gleaner) by Alex Whalen and Jake Fuss
The budget projects $40 million in personal income tax relief for more than 400,000 tax filers.
Alberta’s resource revenue windfall largest on record [[link removed]]
by Tegan Hill
The province's resource revenue is expected to increase from $3.3 billion in 2020/21 to $13.7 billion in 2021/22.
Nova Scotia government spending spree comes with consequences [[link removed]]
by Alex Whalen and Jake Fuss
The province's spending is projected to increase by $664 million over the next three years.
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