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…
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…
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…
Trudeau Questioned in House About PBO’s Remarks That Federal Public Service System Is ‘Broken’
Prime Minister Justin Trudeau was questioned in the House of Commons today about comments made by Parliamentary Budget Officer (PBO) Yves Giroux, who recently told a Senate committee that the federal public service is “broken.” “The prime minister said he was drawing the line to ban anyone from pointing out that things are broken after…
Canada’s Government Sector Is Growing Faster Than the Private Sector, PBO Says
Canada’s government sector is growing faster than its private sector, and the public sector appears set to continue its growth pace, according to the Parliamentary Budget Officer (PBO). “Growth has been faster in the public sector, generally speaking, than in the private sector,” PBO Yves Giroux told the Commons government operations and estimates committee on…
Workers Benefit to Cost More Than Double at $4 Billion Due to Ineligible Payments, Says PBO
The government’s increased Canada workers benefit (CWB) is set to cost more than double at about $4 billion, and a large reason for the high expenditure is because the benefit will be released to many Canadians who are no longer eligible for it, says Parliamentary Budget Officer (PBO) Yves Giroux. The CWB is a refundable…
PBO Report Questions Need for Liberals’ Planned Stimulus Spending
OTTAWA—Prime Minister Justin Trudeau is giving no indications of plans to rein in government spending after a critical report by the parliamentary budget officer questioned the Liberals’ case to spend tens of billions in planned stimulus. The Liberals had promised up to $100 billion in economic stimulus, subject to a series of spending guardrails to…
Liberals’ Wage Subsidy Extension to Push Program Costs to $107 Billion, PBO Says
December 9, 2021
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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…
PBO Estimates Federal Government Will Net $177 Million From Air Canada Deal
OTTAWA—The Parliamentary Budget Officer says the federal government could make about $177 million over ten years from a support deal it reached with Air Canada. The PBO estimate is based on Air Canada using only part of the $5.9-billion aid package that the airline agreed to with the government in April. The package included the…
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