Parliamentary Budget Officer

• Ottawa’s fiscal wiggle room squeezed by rising debt costs, watchdog says

  The Liberal government is heading into its 2024 budget with higher debt costs and a slowing economy, a new report form the Parliamentary Budget Officer shows.

  Economy

  Mar 5
  
• Heat pump program costs are on track but could jump to $2.7B: PBO

  The Parliamentary Budget Officer estimates Ottawa's heating oil to heat pump program could cost $797 million after the government allocated $500 million to the enhanced version.

  Canada

  Jan 18
  
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• EV battery deals to cost $5.8B more than government projected: PBO report

  The report, released Friday, analyzes the costs to governments of recent deals struck to locate EV battery manufacturing facilities in Canada.

  Canada

  Nov 17, 2023
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• Pharmacare would cost billions more a year, but lead to economic savings: PBO

  The PBO released a report on Thursday that provides an estimate for the cost of a pharmacare program between 2024-25 and 2027-28.

  Canada

  Oct 12, 2023
• Wages for most Canadians are outpacing inflation, PBO says

  With help from COVID relief funds, rises in disposable income outpaced the impact of higher inflation for households by December 2022, improving purchasing power by five per cent.

  Canada

  Jun 22, 2023
• Ottawa’s spending on staff ballooned during pandemic, likely to continue

  A new report from the parliamentary budget officer says federal spending on personnel increased by almost 31 per cent in the last few years -- and it's expected to continue.

  Canada

  Apr 4, 2023
• PBO expects Bank of Canada done hiking rates, forecasts economic growth of 1% in 2023

  The PBO also predicts the Bank of Canada will keep its key interest rate target on hold at 4.5 per cent for the rest of 2023 before starting to cut in 2024.

  Economy

  Mar 2, 2023
• Multigenerational home renovation tax credit to cost $44M, PBO says. Here’s how it works

  The tax credit allows families to claim 15 per cent of up to $50,000 in renovation costs to create a multigenerational home, but not all secondary units are eligible.

  Canada

  Jan 11, 2023
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• Climate change could hit Canada’s GDP by 6% over long term, new report warns

  A report by the Parliamentary Budget Officer projects that continuing changes to weather patterns from emissions could cut Canada’s real GDP by 5.8 per cent by 2100.

  Canada

  Nov 8, 2022
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• Canada’s economy will ‘slow considerably’ in 2nd half of 2022, budget officer says

  As inflation slows and heads toward the central bank's target of two per cent, the PBO expects the Bank of Canada to begin lowering interest rates toward the end of next year.

  Economy

  Oct 13, 2022