OTTAWA—Parliament’s spending watchdog says the federal response to the COVID-19 pandemic should send the deficit to $363.4 billion. In a report this morning, budget officer Yves Giroux says the deficit should fall over time as emergency spending measures wind down over the next 12 months. The economy too is faring better than Giroux anticipated, and…
PBO Sees $363 Billion Deficit, Warns of Pitfalls From Liberals’ Promised Stimulus
PBO’s Latest Estimate Says Warships Will Cost $77B as Estimated Price Jumps $17B
OTTAWA—Parliament’s budget watchdog is predicting another multibillion-dollar increase in the cost of a new fleet of warships for the Royal Canadian Navy, pegging the price for what was already the largest military procurement in Canada’s history at more than $77 billion. Parliamentary budget officer Yves Giroux’s latest estimate is $17 billion more than the government’s…
Jordan’s Principle Order May Cost Feds $15 Billion in Compensation, PBO Says
OTTAWA—The parliamentary budget office says it could cost the federal government up to $15 billion to compensate First Nations families and children impacted by the child welfare system, as well as denials or delays of essential services. The figure updates the budget office’s initial estimate to include thousands more children, parents and grandparents who would…
PBO Says Reformed Fiscal Stabilization Program to Cost Ottawa $4.5 Billion
OTTAWA—Reforms to a federal support program for provinces will nearly triple the cost to Ottawa next year, with the price tag projected to be about $4.5 billion, says Canada’s parliamentary budget officer. Yves Giroux says the government’s fiscal stabilization program, which transfers cash to provinces that experience steep year-over-year revenue drops, will increase by $2.9…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta