Parliamentary Budget Officer Yves Giroux published four legislative costing notes including: GST Credit special payment, Insured Mortgage Purchase Program, Increase to the maximum annual Canada Child Benefit payment amounts, and decreasing the minimum withdrawal rate from Registered Retirement Income Funds by 25 per cent. The costing notes are available online. Call 613-992-8044. Parliamentary Budget Officer Yves Giroux posted a new … Read more
Parliamentary Budget Officer Yves Giroux released his first scenario analysis of the COVID-19 pandemic and oil price shocks to help parliamentarians gauge the potential economic and fiscal implications. The report entitled “Scenario Analysis: COVID-19 Pandemic and Oil Price Shocks” presents an illustrative example of an economic and fiscal scenario—it is not a forecast. The full release is available online. Call 613-992-8044.
Parliamentary Budget Officer Yves Giroux posted a new report online entitled Estimate of the Impacts of the February 2020 Rail Disruption. This report provides an estimate of the economic and financial impacts of the February 2020 disruption of rail transportation due to blockades of rail lines and other protests. Call 613-992-8044.
Parliamentary Budget Officer Yves Giroux posted a new report online entitled The Government’s Expenditure Plan and Main Estimates for 2020-21. Call 613-992-8026.
Parliamentary Budget Officer Yves Giroux posted a new report online entitled Surtaxes on Steel, Aluminum and Other Goods: Issues for Parliamentarians, providing an overview of the revenues and spending measures associated with the Government of Canada’s surtaxes on steel, aluminum, and other goods. Call 613-992-8044.
Parliamentary Budget Officer Yves Giroux released his latest assessment of the long-term sustainability of government finances. Fiscal Sustainability Report 2020 finds that current fiscal policy is sustainable over the long term for the government sector as a whole. “While there has been significant improvement at the provincial level,” said Giroux. “The public finances of most provinces and the territories are … Read more
Parliamentary Budget Officer Yves Giroux posted a new report online entitled “Supplementary Estimates (B) 2019-20.” This note presents a detailed analysis of the Government’s second supplementary estimates for the 2019-20 fiscal year, which seeks Parliament’s approval of $3.8 billion to be spent before March 31, 2020. Call 613-992-8026.
Parliamentary Budget Officer Yves Giroux posted a new report entitled “Labour Market Assessment – 2020.” This report provides parliamentarians with an assessment of the state of the labour market in Canada. The full report is available online. Call 613-992-8026.
Parliamentary Budget Officer Yves Giroux released his latest estimates for near-term growth in the Canadian economy and the Government’s budgetary deficit for 2019-20. The February 2020 Economic and Fiscal Monitor projects that economic growth will be significantly weaker than expected in the PBO’s November outlook, with real GDP growth in the last quarter of 2019 revised down from 1.6 per … Read more
Parliamentary Budget Officer Yves Giroux posted a new report online entitled “Considerations Regarding the 2020 Tax and Spending Review.” The purpose of this report is to provide an initial overview of how the PBO plans to monitor the government’s plan on achieving its $1.5 billion in annual savings, starting in 2020-21. Call 613-992-8026.
