Canada must spend smartly to cut poverty-Advisory body
Canada, 28th September: Canada can make big savings if it works to curb the menace of poverty from its roots, reveals a latest report from a federal advisory body.
Long term planning for controlling poverty--Poverty in Canada is still far beyond control although the government continues to make efforts to control it by making huge spending through various social schemes, the report titled ‘The Dollars and Sense of Solving Poverty’ highlights.
It’s not just the direct costs, in fact, there are several societal as well as indirect costs involved in controlling poverty in Canada. However, still, rate of poverty is still climbing every year. According to official figures, on an average, poverty costs Canadians around $25 billion each year or even more.
According to estimates, around $12.6 billion, if spent on around 3.5 million Canadians below poverty line, would have provided them sufficient income to live above poverty in 2007.
Hence, Canada needs to chalk out a long-term approach with regard to investment to control poverty in the nation since short-term strategy fails to work, states the National Council of Welfare’s report.
Such a planning can help Canadians become better-off, states John Rook, Council chair. He added that already, seven Canadian provinces have chalked out ways to cut poverty.
Initial investment means savings for Canadians--Conservative Senator Hugh Segal says that adopting long-term approach to prevent poverty will result in savings for taxpayers.
The report highlights that although a long-term investment model will need more resources initially, but it will ultimately prove to be a permanent solution for eradication of poverty in Canada.
Every year, Canadians are shelling out huge money for fixing problems like poverty, insecurity and inequality, the report asserts.
While, it is a fact that spending money on curbing poverty is a cost to Canadians, but poverty reduction aids not only the poor but the society at large, the report clarifies.
Curbing poverty will lead to lesser burden on hospitals while ensuring higher literacy levels for Canadians, it further adds. So, the need of the hour is to have firm strategies and deadlines and also to measure the success rate of such strategies by the government.