Just the Facts: How much is spent on Veterans?

Ottawa - 17 September 2010

When one looks at the current Federal Main Estimates, Veterans Affairs has a budget of approximately $3.4 Billion.  Now the Government is always throwing dollar values around in the millions and billions so it is hard to really get an understanding of whether something is affordable or not.  Just by using the words millions and billions we often miss the scale of the decision that is being made.  Did you know that a million seconds equals a little over 11 days whereas a billion seconds is 32 years? (If you don’t believe me do the math.) That certainly provides perspective.

So lets put spending on Veterans into perspective.  Did you know that for the last twenty years spending on Veterans has averaged 1.35% of Federal spending.  Spending on Veterans has been very stable regardless of which political party has been in power or whether the Government has been in a deficit or surplus financial situation.   (One could almost read into those figures that very little attention has been paid to the Veterans Affairs portfolio to see so little change.)  This year’s budget is no different as the $3.4 Billion allocated is 1.32% of the estimated $259 Billion the Government is going to spend this year.  So is this affordable?

Now let’s put this into the context of something we are all familiar with:  the family budget.  Statistics Canada reports that the average Canadian family’s income for 2007 is $66,550.  So 1.32% (VAC’s allocation of the Federal budget) of $66,550 equals $878 or $2.40 per day or basically an extra large cup of coffee per day.  For the Federal Government the scale of expenditures on Veterans is equivalent to us buying a coffee a day.  Put in this context it begs the question whether we as Canadians should be spending more?

In the upcoming months much is going to be said about changing how Veterans benefits are administered and determining what type of benefits need to be provided.  Obviously, there will be a cost associated with some of these initiatives.  When those costs are identified, they need to be kept in perspective.

$3.4 Billion is a lot of money, but for the Federal Government it is pocket change.  Now you know.

P@ (Pat)

Date Modified: 2013-01-31

Comments

Paul Franklin MCpl (ret) said:

September 28, 2010 5:30 PM

André Pilon said:

September 27, 2010 11:01 PM

Paul Franklin MCpl (ret) said:

September 27, 2010 1:11 PM

cdnfireman said:

September 23, 2010 10:57 AM

Old Silverback said:

September 20, 2010 7:10 PM

cmacneill said:

September 20, 2010 5:19 PM

Old Silverback said:

September 20, 2010 4:29 PM

Kevin Vallieres said:

September 20, 2010 12:56 AM

jules said:

September 19, 2010 11:14 PM

William said:

September 19, 2010 1:09 PM

Johanne St-Amour said:

September 19, 2010 12:14 PM


The Office of the Veterans Ombudsman replied:

The Office of the Veterans Ombudsman has no affiliation with this website. The fact that the comment is posted does not mean that Office of the Veterans Ombudsman is endorsing this activity.

October 5, 2010 9:51 AM

Ron said:

September 19, 2010 12:52 AM

Janet Sherbanowski said:

September 18, 2010 8:53 PM

armyman 1966 said:

September 18, 2010 10:39 AM

Tim Andersen said:

September 17, 2010 4:36 PM