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Budget contains new ‘reconciled’ expenses for first time, good step for fiscal accountability, says Page

By Jolson Lim      

Although he praised the government for including tentative reconciled figures in the budget, former parliamentary budget officer Kevin Page said the 'most powerful story' in the budget is the $19.8-billion found from planned program expenses—with what he says is with limited explanation of where it came from.

Former parliamentary budget officer Kevin Page, pictured here at a University of Ottawa event in 2015, said having the reconciled numbers shows that the government is at least trying to create more accurate spending estimates. The Hill Times file photograph
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The 2018 federal budget broke new ground in fiscal reporting by including a projection of what departments would spend in the upcoming fiscal year, a move former parliamentary spending watchdog Kevin Page calls a "positive first step" towards improving the estimates process. The nine-column chart, tucked into the back pages of the expansive spending blueprint, attempts to show a “reconciled” picture of budget expenses and planning estimates, following promises from the Trudeau government to reinvigorate financial reporting standards in

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