Annual Report on Travel, Hospitality and Conference Expenditures
Department of Finance Canada 2023 - 2024
As required by the Treasury Board Directive on Travel, Hospitality, Conference and Event Expenditures, this report provides information on travel, hospitality and conference expenditures for Department of Finance Canada for the fiscal year ended March 31, 2024.
Travel, hospitality and conference expenditures incurred by a federal department or agency relate to activities that support the department or agency’s mandate and the government’s priorities.
Mandate:
The Department helps the Government of Canada develop and implement strong and sustainable economic, fiscal, tax, social, security, international and financial sector policies and programs. It plays an important central agency role, working with other departments to ensure that the Government’s agenda is carried out and that Ministers are supported with high-quality analysis and advice.
Department of Finance Canada Travel, Hospitality and Conference Expenditures for Year ending March 31, 2024
Expenditure category |
Expenditures for year ended March 31, 2024 ($ thousands) |
Expenditures for year ended March 31, 2023 ($ thousands) |
Variance ($ thousands) |
|---|---|---|---|
| Travel | |||
Operational activities |
$1,876.00 |
$1,760.00 |
$116.00 |
Key stakeholders |
$376.00 |
$333.00 |
$43.00 |
Internal governance |
$16.00 |
$22.00 |
-$6.00 |
Training |
$37.00 |
$64.00 |
-$27.00 |
Other |
$16.00 |
$16.00 |
$0.00 |
| A. Total travel | $2,321.00 |
$2,195.00 |
$126.00 |
| B. Hospitality | $142.00 |
$296.00 |
-$154.00 |
| C. Conference fees | $46.00 |
$59.00 |
-$13.00 |
| Total [A+B+C] | $2,509.00 |
$2,550.00 |
-$41.00 |
| International travel by minister and minister's staff (included in travel) | $212.00 |
$248.00 |
-$36.00 |
Explanation of significant variances compared with previous fiscal year
Total travel:
In comparison to fiscal year 2022-23, departmental travel expenditures rose by $126 thousand. This increase is attributed to a return to pre-pandemic travel levels and higher travel costs.
Hospitality:
In comparison to fiscal year 2022-23, departmental hospitality expenditures decreased by $154 thousand primarily because Canada hosted the Asia Pacific Group meetings the previous year.
Conference fees:
In comparison to fiscal year 2022-23, departmental conference fees decreased by $13 thousand as conference attendance was reduced across the department compared to the previous year.Minister and minister’s exempt staff - International travel:
In comparison to fiscal year 2022-23, expenditures for international travel by the Minister of Finance, Associate Minister of Finance and the Ministers’ staff decreased by $36 thousand primarily due to the absence of an Associate Minister of Finance in 2023-24.