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Category: Budgets

HoC Finance Committee Report: the Oys Have It

Yesterday I riffed on the possibility of a Skills Budget. Today I want to focus on some early clues about what’s in the upcoming budget by parsing last month’s pre-budget consultation report of the House of Commons Finance Committee. To put this in some kind of context: a Finance Committee report may bear no resemblance whatsoever to the final budget project.  Basically, the chair of the finance committee (currently PEI’s Wayne Easter) takes dictation from the Finance Minister with respect to

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January 10, 2019 1 Comment

A Skills Budget?

If you’re in Ottawa, January is Kremlinology month, in which every news story, no matter how vacuous, is parsed for clues about what may be in the federal budget, usually delivered sometime between mid-February and late March. (Note here to anyone at PMO or Finance reading this:  your attempt last year to disrupt HESA’s thorough budget-night coverage by making it coincide with Toronto FC’s home-opener was deeply unwelcome.  Fair warning: I will be incandescently angry if the budget is February 26th, so schedule this

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January 9, 2019 No Comments

That Fiscal Sustainability Report

A few weeks ago, the Parliamentary Budget Office put out a report (available here) on the sustainability of public finances.  It’s an excellent little report, with some key implications for post-secondary institutions across the country.  Today, I will discuss  two points in particular. The first key point has to do with the long-term sustainability of the finances of each level of government.  Though this is poorly understood, the two levels of government have i) different sources of revenue and ii) different

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October 23, 2018 No Comments

Canadian University Finances 2016-17 (Expenditures)

[the_ad id=”11745″] Good morning.  Yesterday, I took a look at some recent trends in income at Canadian universities; today I want to take a look at what is happening on the expenditures side. Let’s start by looking at something really important, which is the difference between total expenditures and operational expenditures.  In a normal year, operating budgets are 60-66% of total budgets.  A little more than half of the non-operating funds go to research, and the rest is split between

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September 5, 2018 No Comments

Lo! More Mediocre Provincial Budgets

The Government of Saskatchewan delivered its budget yesterday which means that all ten provinces are now in – much earlier than usual (there’s usually one irritating May holdout).  And guess what?  It’s another year of (on aggregate at least) barely keeping up with inflation! Figure 1 shows changes in budgeted year-on-year transfers to institutions, in constant dollars.  The national increase is 0.4%, with a big gain in Quebec offsetting a small decrease in Ontario and a larger one in Alberta

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April 11, 2018 No Comments

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One Thought to Start Your Day is our founder and CEO Alex Usher’s popular daily blog, brimming with up-to-the-minute insights and informed opinions on today’s higher education industry.

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