Exploration[ edit ] It is said that Pemex lacks the equipment, technology, and financial means to explore for new reserves in deep water or shale gas ; hence, a reform to Mexican law has been put forward by the government. The company also said it will delay deepwater exploration plans and cut jobs in response to weak oil prices. Pemex Director Juan Jose Suarez said that there was "no evidence that it was a deliberate incident, or some kind of attack". At least 37 people were killed and at least were injured.
Posted October 1, integrated business plan government of canada. Introduction Infrastructure is central to every aspect of life in Canada. As a key driver of productivity and growth in a modern economy, as a contributor to the health and well-being of Canadian citizens, as a critical component of transporting goods and services across the country.
It is a method for enabling communication and sharing of information between citizens, a means for providing core services such as water, electricity and energy and is a shaper of our how our communities grow and contribute to our collective social fabric.
And, yet, across the country, Canadians are impacted by infrastructure that has failed to be maintained or that remains to be built. This is apparent in the deterioration of our roads and highways, the over-capacity of our public transit systems, underinvestment in affordable housing and social infrastructure, and the increased prevalence of environmental incidents, such as flooding in our urban areas.
This paper attempts to set out the need for urgent federal attention to this issue.
It will discuss some tools and levers the federal government has at its disposal to engage in what is a national issue, including proposing the creation of a national infrastructure strategy for the country.
This paper will start by reviewing the economic benefits of public infrastructure and highlight how current market conditions create a historic opportunity for increasing infrastructure investment.
Finally, it will end by proposing an increased federal role in infrastructure planning and postulate what could be included in a National Infrastructure Plan.
As many have commented before this paper, it should no longer be a question of if we need to devote more resources to public infrastructure or if the federal government should be involved.
The question for the Canada at this moment is how the federal integrated business plan government of canada should engage and in what form and capacity.
A select few include: Economic Benefits of Public Infrastructure The economic case for investing in infrastructure has never been stronger.
In recent years — and particularly in the aftermath of the financial crisis — a consensus regarding the positive economic benefits of stronger infrastructure spending has emerged among economists and policymakers.
In addition to the non-economic benefits of infrastructure, a dollar of infrastructure spending has a positive effect on economic conditions in two ways: Moreover, these jobs are not just concentrated in the construction sector, as manufacturing industries, business services, transportation and financial sector employment also benefit from the spillover effect of infrastructure spending.
Increased investment in infrastructure will not only have direct impacts on the economy but will also spread through the economic through a series of multiplier effects 2.
Examining the impact of infrastructure spending on GDP growth has found similar results. Other studies have shown similar effects, with estimated multipliers ranging from 1.
Critical to this analysis is that virtually all recent estimates estimate the multiplier to be greater than 1. Thus, infrastructure spending generates a positive economic return before projects are even completed, as the construction stage alone generates enough economic activity to justify the expense.
However, the most important economic benefit of public infrastructure is the long-term effect it has on productivity and business competitiveness, which are critical components of a modern, growing economy. In this case, investments in public infrastructure, such as roads and transportation systems, communication infrastructure, utilities, water and wastewater systems, and health and social infrastructure, result in lowered business costs and increased labour productivity.
Lower business costs result in increased private sector returns, allowing for higher rates of private investment and ensuring Canadian companies can remain competitive and grow on a global stage. Similarly, increased labour productivity results in higher wages and greater wealth creation for Canadian citizens.
See Cost of Inadequate Public Infrastructure for a discussion of the impacts of failing to properly invest in public infrastructure. The Conference Board has estimated that roughly a quarter of all productivity growth in recent years is a result of public infrastructure investment 5. Similarly, looking over a longer period of time, Statistics Canada estimated that up to half of all productivity growth between and can be attributed to investment in public infrastructure 6.
Finally, increased economic activity and higher productivity rates allow the government to recoup a portion of its initial investment through higher tax revenues. Investment in public infrastructure has an immediate, short-term benefit to the economy, while also ensuring that businesses remain competitive in the long run.
Inadequate public infrastructure lowers economic potential in a direct and obvious way according to this simple progression: The end result is a loss of competitiveness and lower rates of economic growth.
A Window of Opportunity: The Time to Invest is Now While the general case for investing in public infrastructure is clear, current economic conditions create an even more compelling rationale for investing in infrastructure — right now. Canada is at a unique moment in time where the need for a stimulative macroeconomic policy, historically low long-term interest rates and a large infrastructure deficit, together, combine to dictate the need to accelerate the rate of investment in public infrastructure.
While Canada has fared relatively well compared to its peers, economic recovery from the recent global financial crisis has nonetheless been slow, with employment and GDP growth rates lagging pre-recession levels 8.
Within this context, an increased focus on reducing fiscal deficits has resulted in a slowing of public spending just when economic conditions could most benefit from increased investment and infrastructure spending.
In an economy with a depressed labor market and monetary policy constrained by the zero bound, there is strong case for a fiscal expansion to boost aggregate demand.
Firms which operate passenger services would also manage the tracks their trains run on, under government plans to fix "creaking" UK railways. East Coast mainline would be the first service to try. The 5 Steps to Starting a Business. Move closer to being a business owner with the five start-up steps. Each step includes guides, tools, templates and resources to help you implement. A site plan approval is a required process that you must follow for most developments including major building renovations or additions. The purpose of a site plan approval is to review site design features and coordinate the following.
The benefits from such a policy greatly exceed traditional estimates of fiscal multipliers, both because increases in demand raise expected inflation, which reduces real interest rates, and because pushing the economy toward full employment will have positive effects on the labor force and productivity that last for a long time According to this recent line of research, traditional benefits of public infrastructure investment are even greater during periods of economic slowdown, as more traditional means of spurring the economy are much less effective.
A paper by Berkeley economists Alan Auerbach and Yuriy Gorodnichenko estimated that the multiplier on government investment is significantly higher as much as 3.Service Canada and the City of Hamilton have partnered to bring additional services to the Ancaster, Dundas, Flamborough and Hamilton City Hall Municipal Service Centres.
1. Introduction. Infrastructure is central to every aspect of life in Canada. As a key driver of productivity and growth in a modern economy, as a contributor to the health and well-being of Canadian citizens, as a critical component of transporting goods and services across the country.
Firms which operate passenger services would also manage the tracks their trains run on, under government plans to fix "creaking" UK railways. East Coast mainline would be the first service to try. Run your business on the go Sage Business Cloud will change the way you do business forever.
Sage 50cloud is the perfect choice if you want the power and productivity of desktop accounting software, with the freedom and security of the cloud. SENECA BUSINESS PLAN –10 1 INTRODUCTION Seneca’s Business Plan (–10) presents the College’s annual activities designed to achieve the goals of the Strategic Plan.
This year’s set of actions and resource allocations is again placed in the framework of the goals, priorities and core.
Improved employment standards. Modernized workplace laws to protect workers, support families and help businesses stay competitive came into effect Jan 1,