Summary
The Montreal Economic Institute (MEI) suggests that Prime Minister Mark Carney should emulate the Chrétien government’s 1994 program review to cut about 64,000 federal jobs, aiming for a significant reduction in public spending by nearly $10 billion annually by 2029. Despite Carney’s election promises to cap federal employment without cuts, the MEI highlights a 43% increase in public servants since 2015, raising concerns over rising personnel costs and deficits. The MEI argues for a thorough spending review similar to the successful reforms enacted in the 1990s to manage fiscal challenges.
