OTTAWA — The federal government’s “comprehensive spending review” is too narrow and won’t save enough tax dollars to put Ottawa back on solid footing, a new report will conclude.

The report, to be released Thursday by the C.D. Howe Institute, says the Carney government’s spending review will only include about one-third of all federal program spending and is expected to save no more than $22 billion by 2028-29. The think tank says that’s less than half the $50 billion in savings that are needed to return federal government coffers to “a fair and prudent path” that would see Ottawa’s debt-to-GDP ratio stop climbing.

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The report, called “Federal Expenditure Review: Welcome, But Flawed,” says that the problem with focusing only on limited areas of federal spending is that

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