Fiscal Realities Philosophy
Private investment and innovation drives economic growth. Regions compete to develop an attractive climate for private investment and innovation. The investment climate is formed by getting the public sector elements right and possessing a comparative advantage. By developing innovative solutions, Fiscal Realities provides services to clients to improve the level of private sector investment on their land.
First Nations and the Private Sector
Fiscal Realities Economists is in the business of helping the private sector work better with First Nations. Our philosophy is straightforward, First Nations will remain trapped in a dependency cycle of worsening poverty based on declining government transfers (Vicious Circle) until they are able to gain a fair share of the private investment in Canada.
The reasoning is simple. Private investment accounts for 80 per cent of investment and investment creates wealth, jobs and government revenues.
Fiscal Realities works with First Nations to create an attractive business climate and provide First Nation governments with the revenues, policy tools and capacities they need. In addition, we work with private firms to help them approach First Nations, address their concerns and present business proposals that can gain the support of First Nation communities.
We help First Nations identify their economic footprint through statistical analysis and their economic potential through economic analysis. We develop plans and policies to help them use this potential including appropriate land tenure arrangements, capital plans, and communications packages which explain the benefits of these products. We work with First Nations in asserting jurisdiction, developing own-source revenues, and identifying appropriate financing tools. We work with First Nations to develop sustainable fiscal and capital plans. We advocate on behalf of First Nations in negotiations with the federal and provincial governments.
Fiscal realities also works with the private sector by identifying strategies for approaching First Nation communities.