Bigger deficits than expected on the horizon, but there’s a silver lining: PBO
The federal budget watchdog says the Trudeau government is on track to run deficits nearly $8 billion deeper than expected over the next two years. Continue reading
PBO report
Universal pharmacare would provide better health care but costs a concern: health committee
Wednesday’s report includes 18 recommendations the committee says could form a blueprint of sorts for a new single-payer, publicly funded prescription drug coverage program. Continue reading
Key interest rate will likely rise again in April: PBO
There was a mixture of good and bad news on Tuesday morning from Canada’s parliamentary fiscal watchdog. Continue reading
Economy will start to cool in the coming year, key interest rate to rise: PBO
Canada’s “robust” economy is expected to slow to a more normal pace in the coming year, a new report from the Parliamentary Budget Officer suggests. Continue reading
Watchdog says universal pharmacare would cost Ottawa $19B
The Parliamentary Budget Officer is estimating that a national pharmacare program would cost the Canadian government a little over $19 billion per year, but overall savings on drug spending could be substantial. Continue reading
Budget watchdog says Liberals can’t account for $2.5B in infrastructure funds
It’s been set aside for infrastructure, but where, exactly, is this money? Nobody seems to know. Continue reading
Liberals shelled out $62.9 billion in ‘unprecedented’ first quarter, says budget watchdog
The Liberal government started the 2016-17 fiscal year off with some big spending, the federal budget watchdog revealed on Thursday. Continue reading
Canada’s rising subnational debt unsustainable, PBO warns
The federal budget watchdog is sounding the alarm about the growing level of net debt being accumulated by Canada’s provinces, territories and local governments. Continue reading