التفاصيل البيبلوغرافية
| العنوان: |
A history of net debt as a reflection of Canadian federal government fiscal management. |
| المؤلفون: |
Baker, Ron, Rennie, Morina D. |
| المصدر: |
Financial Accountability & Management; Aug2023, Vol. 39 Issue 3, p449-470, 22p, 2 Charts, 1 Graph |
| مصطلحات موضوعية: |
CANADIAN federal government, DEBT, FINANCIAL management, FISCAL policy, GOVERNMENT policy, PUBLIC opinion, FINANCIAL statements |
| مصطلحات جغرافية: |
CANADA |
| مستخلص: |
Canada entered the COVID‐19 pandemic with a strong fiscal position, which gave it room to mitigate its economic impacts. Of interest in this paper is the history of Canada's financial position in terms of net debt as reported in the Government of Canada's annual financial statements. Net debt is a measure of fiscal sustainability that has been reported in the Government of Canada's public accounts since the country's earliest days. It created (and continues to create) a particular visibility of the "effectiveness" of the federal government's financial management and of the country's financial position at a particular point in time but also impacts future political policy. Although there were periods of sharp increases in the federal net debt over the country's history, the federal government was always able to regain control, and this has resulted in the reasonable level of net debt the country has today. This study shows how this net debt changed, was sustained over time, and was influenced by the political and economic context in which it was situated. We find evidence of its use for supporting government accountability to the population but also as an accounting measure employed by the government to influence public opinion and thereby gain support for government policy. [ABSTRACT FROM AUTHOR] |
|
Copyright of Financial Accountability & Management is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Complementary Index |
Full Text Finder