Wednesday, April 22, 2009

Taxpayers' group tracks $3.9 B in western economic diversification funds - Yahoo! Canada News

Taxpayers' group tracks $3.9 B in western economic diversification funds - Yahoo! Canada News: "The taxpayer group's key findings:
-Just 51.8 per cent of taxpayer-funded loans were repaid over the 22-year period.
-Significant overlap and duplication between diversification funds, other federal departments and other governments.
-A lack of transparency, with vast sums turned over to organizations and businesses which then disburse to unnamed other groups.
-'A striking correlation' between election timing and spending spikes.
'The fact that the department funds everything from airport lighting to cemeteries doesn't help its reputation as a 'catch-all' political slush fund, either,' said Colin Craig, the taxpayer federation's Manitoba director who handled much of the data collection."


Why we need more public eyes on the spending ball Pr

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