This article was last updated on April 16, 2022
Canada: 
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Canada’s budget watchdog has warned lawmakers to inspect why the tens of billions of dollars spent by the Canadian government are not being used each year by bureaucrats. In an official statement issued by the Office of the Parliamentary Budget Officer on Monday, it was revealed that the so-called “lapsed spending” has reached an exceptional high of almost 10 billion Canadian dollars ($9.57 billion) a year over the last three fiscal years.
The budget watchdog identified that this unspent money was ultimately reversed to federal reserves, which largely caused the unexpectedly smaller deficit coined by the Canadian government in fiscal 2012-2013. The report highlighted that the amount of lapsed spending had increased “consistently” over the past decade, and resulted in an all-time high of C$11.2 billion in fiscal 2010-2011, which is approximately 12% of the money Canada’s parliament approved to be spent that term. The budget watchdog stated that the “parliamentarians may wish to seek clarification regarding why this level of unspent money remains so high [and] what measures will be undertaken by departments and agencies to ensure that spending directed by parliament occurs.”
In the fall fiscal update revealed last week, Mr. Flaherty admitted that the Canadian government anticipates the amount of money unspent at government departments to be larger this fiscal year, which ends March 31, 2014, in comparison to his previous estimates, largely increasing from C$1.5 billion to C$7 billion. Additionally, the government chose to be “prudent” and project larger amounts of lapsed spending in the next two years.
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