scottycameron.bsky.social
Public budgeting, forecasting, and tax policy in Canada & all over.
309 posts
743 followers
690 following
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Westminster, Bestminster🤷🏼‍♀️
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Yeah been awhile since I’ve tuned in live and I certainly don’t remember this
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Serious security policy experts on here last week were claiming we didn’t have anything to worry about because we had “mutiny” to fall back on, lol
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Good to see his time at the BoE wasn’t entirely wasted
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Yeah boy!
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twitter jagoff. The other one at least makes valuable contributions to the lexicon.
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Dunno about broken but definitely morally bankrupt with laughably weak institutions
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Certain parts of Canada will not be thrilled with 15 years of Laurentian government...
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the infinite is possible at zombo com
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Yeah, clearly using AI to write articles now, sucks so much
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That's Creed, we count that.
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Yeah I’d have to look back to the Economic Action Plan public accounts to see how those could be structured
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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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now to sit back while the productivity gains roll in
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Ah, like the EU's Medium-Term Fiscal Structural Plans
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Yes this is a massive flaw in golden rules—human capital investment is current spending
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There's essentially no way to make this a "rule" without bringing national accounting concepts into budgeting for the first time in Canada and applying a heroic assumption to provincial transfers (I'd do a ratio of the five-year lag of provincial GFS capital to current spending).