Federal Treasury

: Tony Clement says lapsed funds mean good financial management$1.1B meant for veterans returned to federal treasury, critics say Fantino says $1.1B in lapsed vets funding 'not lost money' An internal report shows that in 2013-14, the department fell short by $97.1 million of its promised dollars for 16 major programs, the largest such lapse in any of the five years since the 2008 economic meltdown, according to CBC. The biggest shortfall, $30 million, was for the government touted Youth Employment Strategy, or about 17 per cent of the strategy total budget for that year. That the amount of so-called "lapsed" funding — money promised but never spent — at Canada biggest social services department, Employment and Social Development Canada. The program is meant to help reduce the youth jobless rate of about 13 per cent. A literacy program underspent a third of its $21-million budget. Disabled, literacy funds unused An opportunities fund for the disabled failed to receive about a quarter of its $38.8-million budget. (www.immigrantscanada.com). As reported in the news.