With the looming expenditure gap, the demand to improve public- sector efficiency has never been greater. Canada could save as much as $95 billion in annual expenditures by 2025 by increasing public- sector efficiency by less than 1 percent (.92%) a year — more than enough to close the gap." Ninety-three billion dollars in projected additional costs for Canadian public services by 2025 leaves government leaders—at the federal, provincial and territorial levels—with a difficult new reality," said Claudia Thompson, who leads Accenture's Health & Public Service business in Canada. "We believe increasing efficiency in the public-sector must be part of the solution; it gives government leaders an option beyond just the traditional choices of cutting services and raising revenue and, as our research showed, citizens want government to provide services in a more cost effective way."
Future Demand For Public Services, Driven By An Aging Population, Will Cost The Canadian Government An Additional $93 Billion(1) By 2025, According To New Accenture Report
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts