The Canadian government is looking for waste and savings opportunities across its vast and varied portfolio of capital assets. The newly released 2017 budget announces the launch of a three-year comprehensive review as part of ongoing efforts to better manage federal expenditures.
“The Government spends roughly $10 billion annually to purchase, construct, renovate, repair, maintain and operate both owned and leased capital assets,” the budget document reports. “This review will look to identify ways to enhance or generate greater value from government assets.”
Elsewhere, the 2017 budget pledges approximately 0.027 per cent of that annual capital spending toward improving energy efficiency and reducing greenhouse gas emissions. Natural Resources Canada will receive the $13.5 million allocation over five years with a mandate to advise other federal departments on retrofitting buildings and curbing emissions from vehicle fleets.