5 rules of Conservative fiscal management I learned from reading - TopicsExpress

5 rules of Conservative fiscal management I learned from reading the Parliamentary Budget Officers report: Rule 1 -- This year’s performance really doesn’t matter when it comes to deciding next year’s budget. “No consistent statistically significant relationship exists between a department’s performance and its budget growth in the subsequent year.” Rule 2 -- Don’t reward success. “The performance data for 108 organizations does not suggest that financial resources have been reallocated from low-performing to high-performing programs.” Rule 3 -- Don’t punish failure. “It cannot be concluded that the recent period of fiscal consolidation has effectively and efficiently reallocated government funds away from low-performing programs. Nor have low-performing programs been targeted for funding termination.” Rule 4 -- A success rate of less than 43% is okay. “Since 2010-11, the government has met less than one half of its performance objectives. Performance has deteriorated somewhat through the evaluation period. The proportion of targets met has declined by 4 percentage points from 43 to 39 percent.” Rule 5 -- Spend at least half your money on unsuccessful programs. [Since 2010-11] the percentage of spending on successful performance fell from 52 to 45 percent.” A colleague of mine, our Treasury Board critic, put it well: “For a party that campaigned on fiscal management, they sure are having a hard time competently managing public funds.” I believe in making evidence-based decisions. Governments should invest in programs that work and send failing ones back to the drawing board. Every day in my community office in Victoria, I see the effect of Conservative cuts, as residents find it harder and harder to access information and services the federal government is meant to provide. This latest report by the Parliamentary Budget Officer reaffirms what we see so clearly and consistently: Canadians are paying the cost of Conservative mismanagement. Read the complete report: pbo-dpb.gc.ca/files/files/Analysis%20of%20Performance%20Budgeting_EN.pdf

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