The Auditor-General's latest report reveals that the federal government has made minimal progress in reducing its office space, with only a 1.7% decrease from six million square meters. Public Services and Procurement Canada struggles due to funding issues and lack of cooperation from major federal tenants, which occupy 45% of office space. Despite potential savings of $3.9 billion over ten years, the cutback plan is at risk as significant tenants lack financial incentives to comply. Overall, projections suggest only a 33% reduction by 2034, falling short of the necessary target.
The federal government has made little progress in getting rid of underused office space and must do more to halve its portfolio over the next decade.
Public Services and Procurement Canada has faced difficulties in shrinking its portfolio due to lack of funding and cooperation from federal tenants.
The Auditor-General’s report indicates that the majority of large tenants have no financial incentives to minimize their office spaces.
Despite a slight reduction in office space, the forecast shows that the portfolio will only shrink by 33 percent by 2034, not the targeted 50.
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