The federal government still has an infrastructure spending problem. Ottawa got behind early on its $187.8 billion Investing in Canada Plan (IICP) and after four years has yet to entirely pick up the slack, the office of the Parliamentary Budget Officer (PBO) said in its latest assessment of the plan June 17. The PBO estimates the delayed funds total $2 billion between fiscal 2016-17 and 2019-20, marking an improvement compared to previous analyses, but leaving spending about 3.75 per cent shy of intentions in the latest federal budget.
|