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February 20, 2025 | Mark Carney, an economist and former Governor of the Bank of Canada plans to balance Canada鈥檚 budget by separating capital and operating expenses has drawn support from some experts, including Christopher Ragan. Ragan called the distinction between long-term infrastructure and short-term spending a 鈥済ood idea,鈥� but cautioned that defining what qualifies as capital investment will require careful accounting in an article for . 鈥淎 successful naval ship that stays afloat, is going to stay afloat for 50 years that is clearly a long-lived asset, but an M-16 machine gun probably should not be treated that way,鈥� he said,聽highlighting the challenge of categorizing government expenditures.聽