The report also found that actual spending levels have thus far lagged expectations. Just $30 million out of a planned $104 million was spent on the ISI program in fiscal year 2019-20, amounting to a 71 per cent shortfall, according to the PBO. Spending commitments, by comparison, are contractual agreements on capital that will be spent in future years. For some industry watchers, the report was another example of the Liberal government’s inability to make good on its many ambitious proposals, which have seen spending delays and, in some cases, a lack of private sector involvement. A 2019 report by The Logic, an online news outlet, found that the fund was struggling to find private firms in which to invest.

Source: National Post October 09, 2020 11:03 UTC