More Tales of Wasted Government Money

The CTF report notes that between 1982 and 2005, "Ottawa authorized $18.4 billion in grants and loans to various companies and organizations. Of this, only $7.1 billion is repayable. However, to date, less than $1.3 billion has been repaid to taxpayers." And the CTF found that almost $10 billion of the $18 billion paid out was basically free money - grants and contributions that never had to be repaid. That's scary enough, but the report notes that "these numbers do not include handouts and loans made through Ottawa's regional development agencies" such as Western Economic Diversification.

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