Category: Parliamentary budget officer

PBO Estimates Federal Government Will Net $177 Million From Air Canada Deal

August 12, 2021
Air CanadaCanadaCCP VirusParliamentary budget officerPBOWorld
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OTTAWA—The Parliamentary Budget Officer says the federal government could make about $177 million over ten years from a support deal it reached with Air Canada. The PBO estimate is based on Air Canada using only part of the $5.9-billion aid package that the airline agreed to with the government in April. The package included the…

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Extending Pandemic Jobs Program Aimed to Cost Extra $600 Million, PBO Says

July 8, 2021
CanadaCanada pandemic measuresCCP Virusextra spendingParliamentary budget officerPBO Work Sharingwork-sharing arrangementsWorld
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OTTAWA—The parliamentary budget officer says extending a pandemic measure designed to avoid layoffs at companies will cost the federal treasury almost $600 million over three years. Most of the extra spending, about $404 million, will take place in this fiscal year under the costing estimate the budget office put out today, with $174 million next…

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Budget Officer Says Liberals’ Gun Buyback Could Cost up to $756 Million

June 29, 2021
Bill C-21CanadafirearmsgunsParliamentary budget officerWorld
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OTTAWA—The parliamentary budget officer says it could cost the government $756 million to buy back guns now prohibited in the country, depending on how many there are in Canada and how the Liberals structure the program. The high-end buyback figure is the budget officer’s estimate for how much it would cost for the government to…

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Guaranteed Basic Income Would Reduce Poverty, but Lower Incentive to Work: PBO Analysis

April 8, 2021
CanadaParliamentary budget officersocialist agendaUniversal Basic IncomeWorld
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A nationwide guaranteed basic income would cut poverty rates in Canada by half, but would come at the expense of working individuals, according to an analysis by the parliamentary budget officer (PBO). The PBO said several parliamentarians requested an analysis of the impacts of launching a national guaranteed basic income (GBI), which would provide each…

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PBO’s Latest Estimate Says Warships Will Cost $77B as Estimated Price Jumps $17B

February 24, 2021
15 warshipsCanadaCanada PBOmultibillion-dollar increaseParliament's budget watchdogParliamentary budget officerPBORoyal Canadian NavyWorldYves Giroux
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OTTAWA—Parliament’s budget watchdog is predicting another multibillion-dollar increase in the cost of a new fleet of warships for the Royal Canadian Navy, pegging the price for what was already the largest military procurement in Canada’s history at more than $77 billion. Parliamentary budget officer Yves Giroux’s latest estimate is $17 billion more than the government’s…

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