Fiscal Reference Tables

The Annual Report of the federal government was just released along with the Fiscal Reference Tables - 2011

There's another link under this information, which isn't updated yet with 2011 information and once it is, will make interesting reading. 

It's the Tax Expenditure Reports under the tab of that name on the sidebar that I find interesting. At the moment it only shows up to 2010.

But, as you can see from the 2010 report, this document can be an excellent commentary on our tax system, why we have the credits, when they were instituted is often mentioned, and what's important to know about each credit.

Given the relative newcomers to our Parliament in the last election, I'm sure this report will be very useful for them to learn how our political choices influence our tax system. Sometimes you can get a pretty good sense of the mood of the bureaucrats toward the social programming benefits of our personal tax credit system from this report.