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Category: Budgets

Budget Basics

At around 4PM today, the Minister of Finance, Chrystia Freeland will rise in the House of Commons to deliver her third, and the Trudeau government’s seventh, federal budget.  This is a good opportunity to give y’all a peak at how the sausage gets made, and how lobby/interest groups play a role in the development of budgets. The annual budget cycle starts pretty much the minute the previous one ends.  During spring time, the government spends its time working out how

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March 28, 2023 No Comments

Budget 2023’s Three Key Decisions on Students

There are three student-finance related measures to watch for in the upcoming budget.  One of them concerns graduate research funding and the other two concern student financial aid.  With this Liberal Government, one’d normally think all three decisions would land in favour of “more! more! more!”.  But there are faint signs that this government is starting to grasp that it has a real spending problem, and that makes these three decisions difficult to predict, for whenever the budget actually comes.

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February 13, 2023 2 Comments

College Finances 2020-21

Let’s catch up on some new Statscan data on college finances during COVID.  The big headline can be seen in figure 1:  Total income for colleges dropped by 8.4% in real terms during 2020-21.  About 40% of that fall was due to inflation, the rest was an absolute drop in income.  But break it down by source of income, and you see something different: income from governments was down by 2%, income from student fees by 11%, and income from

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January 11, 2023 No Comments

Provincial Budgets 2022

All ten provinces have now issued their budgets, so it’s time for our annual look at how governments across the country are choosing to invest (or not) in higher education.   Just a quick reminder about how I do this.  What I measure is budget commitments – that is, what governments say they are going to spend year over year.  This is not quite the same thing as what they actually spend – there are always small differences between what governments

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May 11, 2022 No Comments

Budget 2023

Obviously, it’s ridiculously early to start thinking about next year’s budget, but there are several things happening between now and next spring which could end up making Budget 2023 a pretty critical one for post-secondary education in Canada.  Here’s my thinking: –          2022-23 marks the final year of the Budget 2018 research funding package – that is, the response to the Naylor Report on fundamental research.  For the past five years, the sector has been living off the planned increases which were baked into the

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April 11, 2022 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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