PBO: Canada Slow on Infrastructure Spending Plans

The video discusses Canada's infrastructure spending plans, highlighting a $13.6 billion budget with only $4.6 billion identified for projects. Delays in spending are attributed to project identification and bureaucratic processes. The economic impact of these delays could reduce GDP growth projections. The Bank of Canada considers government spending in its interest rate decisions, but the current delays may not significantly alter their outlook. Infrastructure spending challenges are common, with historical precedents showing similar delays. The government aims to improve spending efficiency in future fiscal years.

How does the delay in infrastructure spending potentially impact economic growth projections?

What factors contribute to the delays in infrastructure programs as mentioned in the discussion?