Canada’s Public Health Agency is expected to write off $1.2 billion for COVID-19 vaccines that have expired, according to budget documents.
“While largely now passed, there is a diminishing amount of pandemic legacy costs,” the budget documents said.
“The government expects to record $1.2 billion in 2023-24 for the write-down by the Public Health Agency of Canada of expired COVID-19 vaccines and therapeutics,” the documents said, as first reported by Blacklock’s Reporter.
Canada’s auditor general noted in 2022 that the federal government signed seven contracts with COVID-19 vaccine manufacturers that obliged Ottawa to commit to advance purchase agreements of doses, causing an excess during the pandemic….