Press Release Department: Federal - Parliamentary Budget Officer

The Parliamentary Budget Officer posted a new legislative costing note entitled Supporting Employee Ownership Trusts. The report is available online. Call 613-992-8026.

The Parliamentary Budget Officer posted a new legislative costing note entitled Estimated revenues from the Underused Housing Tax. The report is available online. Call 613-992-8026.

Parliamentary Budget Officer Yves Giroux released a new report on household formation and the housing stock in Canada. The report also provides an estimate of the housing gap at the national level based on the total vacancy rate “”Combined with our baseline outlook for completions, closing Canada’s housing gap would result in 3.1 million net housing units completed … Read more

The Parliamentary Budget Officer posted a new legislative costing note entitled Doubling the rural top-up rate for fuel charge rebates – Update. The report is available online. Call 613-992-8026.

The Parliamentary Budget Officer posted a new report entitled The Government’s Expenditure Plan and Main Estimates for 2024-25. This report examines the federal government’s Expenditure Plan and Main Estimates for 2024-25, which supports the first two appropriation bills that outline $449.2 billion in planned spending. Parliament’s approval is required for $191.6 billion. The report is available … Read more

The Parliamentary Budget Officer (PBO) released his Economic and Fiscal Outlook — March 2024. The PBO projects growth in the Canadian economy to remain sluggish through 2024, with quarterly real GDP growth hovering around 1 per cent (at annual rates), and the unemployment rate to reach 5.9 per cent in the second half of this year. “We expect … Read more

The Parliamentary Budget Officer (PBO) has released a new report on the Department of National Defence’s planned capital spending under its defence policy, Strong, Secure, Engaged (SSE). The initial capital budget in 2017-18 was estimated at $164 billion over a 20-year period. “According to our estimates, we find that the capital envelope for SSE now stands at $214.8 … Read more

The Parliamentary Budget Officer posted a new report entitled Supplementary Estimates (C) 2023-24. This report provides a detailed analysis of the Government’s third Supplementary Estimates for the 2023-24 fiscal year, which seeks Parliament’s approval of $8.9 billion. The report is available online. Call 613-992-8026.

The Parliamentary Budget Officer posted a new legislative costing note entitled Extension of the exemption for qualifying farming fuel to marketable natural gas and propane – Updated cost estimate. The report is available online. Call 613-992-8026. The Parliamentary Budget Officer posted a new legislative costing note entitled Denying income tax deductions for expenses incurred to earn short-term … Read more

The Parliamentary Budget Officer posted a new report entitled Refocusing Government Spending in 2023-24. In response to a request by the Standing Committee on Government Operations and Estimates, this report provides an overview of the $500 million in announced reductions in spending on consulting, professional services and travel for 2023-24 proposed in Budget 2023. The report … Read more