I don’t think it’s a bad idea to have more coherence between financial reporting by government and business. But it’s not an idea to campaign on. It’s something you get your wonkiest bureaucrats working on over several months if not years.
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The financial reporting is the same now, basically IFRS. This needs a national economic accounts framework, GFS2001, produced by StatCan, which breaks G into current and gross fixed capital formation. That’s what central bank econs are used to seeing, but it has little to do with the actual budget.
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