Category: Canada PBO

Ottawa Could Speed Up Military Procurement by Reducing Ministerial Oversight: Budget Officer

June 9, 2023
CanadaCanada PBOCanadian Armed ForcesDepartment of National DefenceParliamentary budget officerWorldYves Giroux
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The speed at which Canada obtains its military equipment following the government’s budgetary allocations could be improved significantly if Ottawa were to cut down on the number of ministers overseeing those procurements, says Parliamentary Budget Officer (PBO) Yves Giroux. Giroux told the House of Commons Standing Committee on National Defence on June 9 that the…

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Despite Cabinet’s Deficit Reduction Promises, Canada’s Federal Debt-to-GDP Ratio Will Increase: Budget Officer

April 16, 2023
budget CanadaCanadaCanada deficitcanada gdp deficitCanada PBOWorld
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Canada’s federal debt-to-GDP ratio will grow and remain above its 2022–23 level for two years before gradually declining over the medium term, according to an assessment by the Parliamentary Budget Officer (PBO), despite the federal government’s earlier promises of deficit reduction. Budget 2023 projected that the ratio would rise from 42.4 percent in 2022–23 to 43.5…

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Canada Among Worst of G7 Countries for Lagging in Publishing Public Spending Accounts: PBO

December 12, 2022
CanadaCanada PBOParliamentary budget officerWorld
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Canada’s federal government is among the worst of the G7 countries when it comes to publishing public spending accounts on time, says the Parliamentary Budget Officer (PBO). “In comparison to other G7 countries Canada was among the last to publish their financial accounts,” Yves Giroux wrote to the House of Commons government operations and estimates…

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Liberals’ Wage Subsidy Extension to Push Program Costs to $107 Billion, PBO Says

December 9, 2021
budgetBusiness & EconomyCanadaCanada PBOChrystia Freelandeconomic policieseconomyFederal Governmentfinance ministerFinance Minister Chrystia FreelandLiberalsPBOwagewage subsidyWorld
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OTTAWA—The parliamentary budget officer says the federal government’s plan to extend its wage subsidy will push the overall price for the program to almost $106.7 billion. The budget officer’s report released this morning estimates that the majority, about $4.8 billion, in subsidies will flow to businesses that continue to see a steep, and persistent drop…

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PBO’s Latest Estimate Says Warships Will Cost $77B as Estimated Price Jumps $17B

February 24, 2021
15 warshipsCanadaCanada PBOmultibillion-dollar increaseParliament's budget watchdogParliamentary budget officerPBORoyal Canadian NavyWorldYves Giroux
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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…

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Jordan’s Principle Order May Cost Feds $15 Billion in Compensation, PBO Says

February 23, 2021
Budget officerCanadaCanada PBOfederal spendingFirst NationsJordan's PrinciplePBOWorldYves Giroux
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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…

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Training Personal Support Workers to Cost $38.5 Million Over 2 Years: PBO

February 9, 2021
CanadaCanada PBOCanada's parliamentary budget officerCCP VirusPersonal Support Workerstuition expensesWorld
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OTTAWA—As the government moves to train 4,000 new personal support workers across the country, Parliament’s budget watchdog estimates it will cost $38.5 million over two years. A costing note from the parliamentary budget office Tuesday says the federal government proposes to fund a six-week accelerated online program and four-month internship. Parts of the country have…

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