Parliamentary Budget Officer (PBO) Yves Giroux is further analyzing the federal government’s large subsidy deals made with both Volkswagen and Stellantis to incentivize the automakers to build electric-vehicle battery plants in Canada. The PBO is requesting that the Department of Industry disclose to his office a copy of the agreement letter announced earlier this month…

The federal government’s national dental care plan—introduced as a condition of its supply and confidence agreement with the NDP—will cost more than $10 billion over the next five years, says Parliamentary Budget Officer (PBO) Yves Giroux. The Liberal government introduced its “New Canadian Dental Care Plan” as part of the 2023 budget tabled by Finance Minister…

Parliamentary Budget Officer (PBO) Yves Giroux was “wrong” in estimating that the federal government’s recent deal with Volkswagen to incentivize the German automaking giant to build an electric vehicle battery manufacturing plant in Ontario will cost taxpayers over $16 billion, says Finance Minister Chrystia Freeland. Freeland spoke to reporters in Ottawa on June 14 just…

The federal government’s deal with Volkswagen made earlier this year to incentivize the European automaking giant to build its first overseas electric vehicle (EV) battery manufacturing plant in Ontario will cost taxpayers over $16 billion, says the Parliamentary Budget Officer (PBO). “Based on our analysis, the federal government’s financial commitment to Volkswagen will total around $16.3 billion…

The federal government is asking Parliamentary Budget Officer (PBO) Yves Giroux not to publicly release internal data given him by the Department of Finance for his analysis of the New Canadian Dental Care Plan outlined in Budget 2023. Giroux wrote a letter to Finance Minister Chrystia Freeland on May 2 asking for a number of internal…

Parliamentary Budget Officer (PBO) Yves Giroux says his office is probing the federal government’s $13.8 billion deal with Volkswagen made to incentivize the European automaking giant to build its first overseas battery cell plant in Ontario. Giroux told The Epoch Times that his office began analyzing the expensive deal near the end of April and…

Despite fierce criticism from the Liberals, the Parliamentary Budget Officer (PBO) stands by his analysis of the government’s Clean Fuel Regulations (CFR), which finds that Canada’s lower-income households will bear a greater burden in terms of disposable income due to the increased costs associated with the policy. The CFR aims to reduce carbon emissions from fossil…

Environment Minister Steven Guilbeault says the recent analysis issued by Parliamentary Budget Officer (PBO) Yves Giroux on the economic impact of the federal government’s incoming Clean Fuel Regulations (CFR) is “unbalanced” and “incomplete,” adding that he disputes some of the numbers Giroux outlines in his report. “While we recognize the work of the PBO, their analysis…

The federal government’s new Clean Fuel Regulations—set to take effect July 1 and reach full stringency in about seven years—will increase the cost of gas nationwide by an average of around 17 cents per litre by 2030 while also decreasing Canada’s GDP, says Parliamentary Budget Officer (PBO) Yves Giroux. The Clean Fuel Regulations (CFR) set new…

Parliamentary Budget Officer (PBO) Yves Giroux says his office has some concerns about the nearly $800 million worth of new “non-announced” spending measures to be implemented over the next several years that were identified by the federal government in its most recent budget. Giroux told MPs on the House of Commons Standing Committee on Finance on…