Federal Minister of Finance, Bill Morneau, presented his budget on March 22, 2017.
According to Emergence Partner, Grant Thornton, who has shared their budget analysis with the Emergence community, the government is continuing with its planned focus on building a strong middle class through innovation, skills, partnership and fairness.
Budget 2017 focuses on giving talented people the skills they need to drive our most successful industries and high-growth companies forward, while investing in Canadians’ well-being through a focus on mental health, home care and indigenous health care.
The government will initiate three new expenditure management initiatives:
- A comprehensive review of at least three federal departments (to be determined), with the aim to eliminate poorly targeted and inefficient programs, wasteful spending and inefficient programs, and ineffective and obsolete government initiatives.
- Initiate a three-year review of federal fixed assets to identify ways to enhance or generate greater value from government assets.
- Initiate a review of all federal innovation and clean technology programs across all departments, as federal programs are dispersed to simplify programming and better align resources to improve the effectiveness of innovation programs.
Please feel free to contact your local Grant Thornton office to discuss any questions you have regarding any of the proposed measures.