Federal public servants are paid an average of $125,300 per year including salary, benefits, and overtime, says Parliamentary Budget Officer (PBO) Yves Giroux, who noted the wage has risen significantly over the past fiscal year. While excluding one-time expenditures from his estimate, Giroux’s office wrote in a report published on April 4 that yearly pay per…
Average Federal Public Servant Paid Over $125K Per Year Including Benefits: PBO
Federal public servants are paid an average of $125,300 per year including salary, benefits, and overtime, says Parliamentary Budget Officer (PBO) Yves Giroux, who noted the wage has risen significantly over the past fiscal year. While excluding one-time expenditures from his estimate, Giroux’s office wrote in a report published on April 4 that yearly pay per…
Federal Spending on Staff Grew Rapidly During Pandemic: Parliamentary Budget Officer
The federal government’s spending on employees saw record growth during the COVID-19 pandemic, says the parliamentary budget officer. A newly published report says federal spending on personnel increased by almost 31 per cent between the 2019-20 and 2021-22 fiscal years. Spending on salaries, pensions and other employee compensation rose from $46.3 billion to $60.7 billion…
Ending Tax Exemptions for Real Estate Investment Trusts Would Save Government Nearly $286M: PBO
A report by the Parliamentary Budget Officer (PBO) estimates that the federal government could collect nearly $286 million in additional tax revenues over the next five years if it cuts tax exemptions currently granted to Real Estate Investment Trusts (REITs) and instead brings them under the statutory corporate income tax rate. “We estimate that the federal…
Federal Government Departments Set Easy Performance Targets, Testifies Parliamentary Budget Officer
March 21, 2023
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A federal House of Commons government operations committee heard that federal managers set easy performance targets that they often fail to meet. Parliamentary Budget Officer Yves Giroux testified before the committee on March 20, stating that government department targets “tend to be too easy,” in response to a question from B.C. Liberal MP Parm Bains. “I speak…
Unrecoverable Federal Student Loans Up 34% This Fiscal Year: PBO
The amount of Canada Student Loans deemed by the federal government to be uncollectible this year is up by over $57 million more than last fiscal year, says a report from the Parliamentary Budget Office. The increase represents a 34 percent increase from last year and is “over $50 million more than what was originally projected…
Tax on Share Buybacks to Raise $3 Billion in Government Revenue Over Five Years: PBO
The parliamentary budget officer says the federal Liberals’ planned tax on corporate share buybacks will raise $3 billion in government revenue over the next five years. A new report prepared by Yves Giroux’s office assesses the projected impact of the tax on government finances between the 2023-24 and 2027-28 fiscal years. The Liberals committed in…
PBO to Examine Ottawa’s $19 Billion Purchase of F-35 Fighter Jets: Report
Canada’s Parliamentary Budget Officer (PBO) will be examining the federal government’s recent $19 billion purchase of F-35 fighter jets and has written to Defence Minister Anita Anand requesting information from her department on the deal, according to a report. “In order to provide the analysis to parliamentarians in a timely manner, I ask the information…
Liberals Did Not Show Fiscal Restraint in Fall Update: Parliamentary Budget Officer
Parliamentary budget officer Yves Giroux told members of Parliament on Monday that the federal government did not show fiscal restraint in its recent fall economic statement. At a meeting of the House of Commons finance committee, Giroux said the federal government is spending a significant portion of the new fiscal room it ended up with…
Proposed Dental Benefit for Children Would Cost $703M: Parliamentary Budget Officer
Parliamentary budget officer Yves Giroux says Ottawa’s proposed dental benefit for children under the age of 12 would cost $703 million over the next three fiscal years. Giroux released the costing in a new report today after MPs voted Wednesday to send the bill to a committee for study, putting it one step closer to becoming…
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