The Parliamentary Budget Officer (PBO) posted a new report entitled Federal Infrastructure Spending – Update. “Infrastructure spending is a major federal expense, yet there’s no clear view of where the money is going or what impact it’s having,” said Interim PBO Jason Jacques. “This report underscores the need for more transparent and coordinated reporting so we can … Read more
The Parliamentary Budget Officer (PBO) has released an updated High-net-worth Families Database (HFD), showing that Canada’s wealth remains heavily concentrated. In 2023, the top one per cent of families held 24 per cent of total net wealth, while the top 10 per cent held 53 per cent, and the top 20 per cent held 69 per cent. The … Read more
Interim Parliamentary Budget Officer Jason Jacques issued a statement: “I am honoured to serve Parliament as the interim Parliamentary Budget Officer during this critical time of budgetary debate. Our office remains committed to its core mandate: providing independent, non-partisan analysis of the nation’s finances, the Government’s estimates and the Canadian economy.” He continued, “Parliamentarians and the … Read more
The Parliamentary Budget Officer (PBO) posted a new report entitled Projecting Federal Personnel Expenses. The PBO’s fiscal model includes a federal personnel spending module. This module has been enhanced to provide a more detailed framework regarding in-year personnel changes across federal organizations, including characteristics such as employment tenure. The report is available online. Contact sloane.mask@parl.gc.ca.
The Parliamentary Budget Officer posted a new report entitled Household Formation and the Housing Stock: Estimating the Housing Gap in 2035. This report provides projections of household formation and the housing stock in Canada over the next ten years. The report also provides an estimate of the housing gap in 2035 at the national level … Read more
The Parliamentary Budget Officer posted a new report entitled Forecasting Federal Capital Expenses. The report is available online. Call 613-992-8026.
The Parliamentary Budget Officer posted a new additional analysis entitled Full-Time Equivalents in the Federal Public Service – 2025-26 Departmental Plans. The report is available online. Call 613-992-8026.
The Parliamentary Budget Officer released a new analysis titled An Update on the Canada Housing Infrastructure Fund, which outlines the Fund’s $5.7 billion allocation over 10 years. Spending ramps up through 2029-30, peaking at $972 million, but $3.0 billion earmarked for three major provinces may be reallocated if agreements remain unsigned. These funds were originally … Read more
Parliamentary Budget Officer (PBO) Yves Giroux released his latest estimates for near-term growth in the Canadian economy and the federal government’s budgetary outlook for 2024-25. Canada’s real gross domestic product (GDP) grew by a stronger-than-expected 2.2 per cent in the first quarter of 2025, driven by a surge in exports and inventory accumulation as businesses prepared for … Read more
The Parliamentary Budget Officer posted a new legislative costing note entitled Reducing the lowest federal personal income tax rate to 14 per cent. The report is available online. Call 613-992-8026.
