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Ottawa wrote off $4.5B in COVID benefit repayments last year: auditor general
- The Office of the Auditor General of Canada reported that the federal government wrote off $4.5 billion in COVID-19 benefit repayments last year.
- The government seeks repayment when it finds that people were overpaid or ineligible, but removes debts from its ledgers when repayment is not expected.
- The write-offs rose sharply from $26 million the previous year, according to audits of the government’s consolidated financial statements.
- Auditor General Karen Hogan’s office said the government expects $5.6 billion of the $7.2 billion in outstanding Canada Emergency Business Account loans not to be repaid.
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Winnipeg Free Press+26 Reposted by 26 other sources
Ottawa wrote off $4.5B in COVID benefit repayments last year: auditor general
OTTAWA - The Office of the Auditor General of Canada says the federal government wrote off billions of dollars last year for COVID-19 benefits that are no longer expected to be paid back.
·Winnipeg, Canada
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Total News Sources27
Leaning Left19Leaning Right0Center6Last UpdatedBias Distribution76% Left
Bias Distribution
- 76% of the sources lean Left
76% Left
L 76%
C 24%
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