Total government expenditures for the first half of 2015-16 were $124.7 billion, an increase of 5.5 per cent over the same period last year.
This report reviews the evolution of household indebtedness in Canada and assesses prospects for household financial vulnerability over the medium term.
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.
This report examines the influence of program performance on budgetary changes during the recent period of fiscal consolidation, from 2010-11 to 2013-14 [PDF]
The Honourable Scott Brison (Kings‐Hants) and Mr. Nathan Cullen (Skeena‐Bulkley Valley) have submitted requests that the PBO provide an update of the Government’s fiscal projections in Budget 2015 using the Bank of Canada’s outlook in its July Monetary Policy Report. PBO will update its own Economic and Fiscal Outlook in the fall. [PDF]
Projections presented in this report include only fiscal measures that have been announced prior to Budget 2015. PBO will update its economic and fiscal projections for new measures in the 2015 budget and provide related analysis in a future report. Projections presented in this report are based on data up to and including April 10, 2015. [PDF]