All Reports

Blog Archive : April, 2018

The Government’s Expenditure Plan and Main Estimates 2018-19

This note examines the federal government’s Expenditure Plan and Main Estimates for 2018-19, which supports the second appropriation bill that will seek Parliament’s approval of $112.9 billion.

Patent restoration and the cost of pharmaceuticals

This report pulls together a number of databases so as to estimate the cost of recent regulatory changes governing patented pharmaceuticals. It compares the cost of patented innovative medicines with that of non-patented prescription medicines. That comparison is then used to make inferences regarding the annual cost of prolonging market exclusivity for a class of drugs similar to patented innovative medicines.

Economic and Fiscal Outlook - April 2018 - Report revised May 14, 2018

Consistent with the Parliamentary Budget Officer’s legislated mandate, this report provides PBO’s economic and fiscal outlook.

The Borrowing Authority Act and Measures of Federal Debt

Recent changes to the Financial Administration Act require the Government of Canada to seek parliamentary approval to borrow in debt markets. The Government has done so with the Borrowing Authority Act, which came into force on 23 November 2017.

This report was prepared to address two areas of confusion that have arisen in committees and debates following Budget 2018:

  1. How was this new debt aggregate calculated?
  2. How should it be used to scrutinize government borrowing?

Costing Budget 2018 Measures

On September 21, 2017, the Parliament of Canada Act was revised to expand the PBO’s mandate to include estimating the financial cost of election campaign proposals.  In preparation of the upcoming 2019 federal general election, PBO has independently estimated the fiscal impact of 10 revenue and spending measures announced in Budget 2018.
This report reflects the PBO’s active response to this mandate expansion, containing independent cost estimates that were prepared and published in less than 60 days.

Costing a National Guaranteed Basic Income Using the Ontario Basic Income Model

This report responds to a request of Mr. Pierre Poilievre (Carleton–CPC) to estimate the cost of establishing a guaranteed basic income program at the national level. PBO takes the policy parameters of Ontario’s basic income pilot project and applies them across the country to estimate the cost of a guaranteed basic income (GBI), and then compares the estimated cost to the current federal support for low income. The annual gross cost of expanding the Ontario Basic Income Pilot across the country would amount to an estimated $76.0 billion in 2018-2019. By 2022-2023, it would reach nearly $79.5 billion.