Archive: December, 2015

2015-16 Supplementary Estimates (B)

The Parliamentary Budget Officer’s (PBO) legislative mandate includes research and analysis regarding the Government’s Estimates. The Supplementary Estimates (B) 2015-16 request an additional $810 million of voted appropriations from Parliament, and outlines an additional $3 million in statutory spending.

An Assessment of the Government’s Fiscal Outlook

PBO’s assessment is that the Government’s outlook for the economy and federal budget over the medium term is optimistic. Based on forecast comparisons and forecast revisions, PBO believes that there is downside risk to the Government’s medium-term outlook for the budgetary balance in the fiscal years 2019-20 and 2020-21.