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Overview and Description of the Expenditure Management System

The expenditure management system described in this paper supports the Canadian government’s objective of making the best use of taxpayers’ dollars to deliver quality services. The system is built on the principle of funding new initiatives or priorities by reviewing existing expenditures and then reallocating money. This will foster greater fiscal responsibility and help the government meet its fiscal targets. It will require ministers to look for funds in their existing resources and ensure that public spending is integrated into the government strategic plan, namely the annual budget. At the same time, ministers will receive more autonomy and flexibility within a corporate framework to manage their resources to best meet the priorities of the people, organizations, and businesses they serve.

Budgeting for the Future

This report reviews and analyzes techniques being applied in OECD Member countries for incorporating a more long-term orientation to the budget process. The report consists of three chapters. The first chapter focuses on the use of Multi-Year Budget Frameworks. The second chapter discusses Generational Accounting. The third and final chapter focuses on the New Zealand Fiscal Responsibility Act.