Parliamentary Budget Officer
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Ottawa’s fiscal wiggle room squeezed by rising debt costs, watchdog saysThe 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.EconomyMar 5
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Heat pump program costs are on track but could jump to $2.7B: PBOThe 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.CanadaJan 18
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EV battery deals to cost $5.8B more than government projected: PBO reportThe report, released Friday, analyzes the costs to governments of recent deals struck to locate EV battery manufacturing facilities in Canada.CanadaNov 17, 2023
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Pharmacare would cost billions more a year, but lead to economic savings: PBOThe PBO released a report on Thursday that provides an estimate for the cost of a pharmacare program between 2024-25 and 2027-28.CanadaOct 12, 2023
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Wages for most Canadians are outpacing inflation, PBO saysWith 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.CanadaJun 22, 2023
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Ottawa’s spending on staff ballooned during pandemic, likely to continueA 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.CanadaApr 4, 2023
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PBO expects Bank of Canada done hiking rates, forecasts economic growth of 1% in 2023The 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.EconomyMar 2, 2023
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Multigenerational home renovation tax credit to cost $44M, PBO says. Here’s how it worksThe 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.CanadaJan 11, 2023
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Climate change could hit Canada’s GDP by 6% over long term, new report warnsA 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.CanadaNov 8, 2022
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Canada’s economy will ‘slow considerably’ in 2nd half of 2022, budget officer saysAs 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.EconomyOct 13, 2022
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