On July 7, 2020, the Parliamentary Budget Officer (PBO) reported on costs arising from the implementation of a guaranteed income program for the last six months of 2020-21. The program parameters were based on Ontario’s basic income pilot project. PBO presented three estimates based on scenarios that phase out the benefit by $0.50, $0.25 and $0.15 for each dollar of employment income. Additionally, participants receiving Employment Insurance or Canada Pension Plan payments would have their basic income reduced dollar for dollar.
The Government of Canada’s 2017 Defence Policy, Strong, Secure, Engaged (SSE), called for significant increases in funding for the Department of National Defence (DND). In total, the policy projected departmental expenditures of $553 billion over 20 years, beginning in 2016–17. An estimated $164 billion, calculated on a cash basis, was earmarked for the development and acquisition of capital equipment.
The PBO has been monitoring SSE’s planned capital spending with the support of DND. In 2018 the PBO received financial projections for 329 capital projects planned under SSE. This snapshot accounted for all major projects with planned or ongoing spending. In addition, the PBO received updates on planned cash expenditure for 24 projects in July 2019 and 23 projects in June 2020.
On July 24, 2020 the PBO reported on costs incurred from the Government’s policy of allowing employees to use pay code 699 paid leave for other reasons. Guidance from the Treasury Board Secretariat (TBS) allows for employees to request 699 leave for a variety of reasons including being sick with COVID-19, having to quarantine, not being able to access the technology they need to complete their work, and having to care for dependents.
In May 2020 the Canada Development Investment Corporation (CDEV) published its Annual Report 2019, and in June 2020, published its First Quarter Report for 2020. PBO examined these documents as part of our ongoing monitoring of financial reporting on the Trans Mountain Pipeline (TMP) and Trans Mountain Expansion Project (TMEP).
The PBO was asked for clarification regarding the quality of the dataset used in our analysis of the Investing in Canada Plan (IICP).
This blog post provides information on frequently asked questions regarding Government of Canada debt.
The Supplementary Estimates (A) 2020-21 is the first of three planned Supplementary Estimates in 2020-21 and supports the third appropriation bill for the current fiscal year.
We previously published an estimate that the cost of the Canada Emergency Commercial Rent Assistance Program will be $483 million. This post provides additional detail regarding the calculations underlying that estimate.
PBO’s estimate of federal fiscal room in Fiscal Sustainability Report 2020.
This update was prepared at the request of a Parliamentarian.