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]
This report provides an assessment of the long-term sustainability of government finances for three government sub-sectors: the federal government; subnational governments consisting of provinces, territories, local, and aboriginal governments; and, the Canada and Quebec Pension Plans. [PDF]
House of Commons Standing Committee on Finance (April 2015) - Statement by Jean-Denis Fréchette (PBO) to the House of Commons Standing Committee on Finance including post-Budget 2015 revisions to forecast
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]
House of Commons Standing Committee on Finance (Novembre 2014) - Opening Statement by Mostafa Askari (Assistant PBO) to the House of Commons Standing Committee on Finance
House of Commons Standing Committee on Finance (November 2014) - Opening Statement by Jean-Denis Fréchette (PBO) to the House of Commons Standing Committee on Finance
I welcome the appointment of Jean-Denis Fréchette as Parliamentary Budget Officer. Mr. Fréchette brings a strong understanding of the work of parliamentarians and the support they expect in addressing economic and fiscal matters considered by Parliament. I look forward to working with Mr. Fréchette in ensuring that parliamentarians receive the support they expect, as per the legislative requirements of the Parliament of Canada Act.
This paper was prepared by Tolga Yalkin and Benjamin Segel-Brown for a parliamentary seminar which took place on 29 May 2014
New PBO Report
OECD Council Recommendation on Principles for Independent Fiscal Institutions - Approved
IR0113 - Compliance Chart Revised July 25, 2013 to Include Responses Received After July 19, 2013
In April 2013, I sought information necessary to undertake analysis into the 2012 federal budget. That analysis was requested by a parliamentarian pursuant to s. 79.2 of the Parliament of Canada Act. The information necessary for this purpose was requested from government departments and agencies. The first deadline for providing it came and went, and the majority of departments and agencies did not comply with the totality of my request. I informed the Speaker of the Senate and Speaker of the House of Commons. They asked me to write to the non-compliant departments and agencies again, requesting them to provide the information. That second deadline of July 19, 2013 came and went, and I have yet to be provided with all the information that I need to undertake the requested analysis. If and when I am provided with it, I look forward to performing the analysis and, thereby, discharging my legislative mandate.
IR0113 - Complaince Chart as of July 19, 2013
Expenditure data for the last quarter of 2012-13 has been uploaded to the Integrated Monitoring Database (IMD).
While this represents all expenditures between April 2012 and March 2013, users should note that the Government will make subsequent adjustments prior to the tabling of Public Accounts sometime in autumn 2013. As such, any financial figures should be viewed as preliminary.
The Parliamentary Budget Officer (PBO) (interim) has posted the data received from federal departments and agencies related to Information Request IR0113 on the website at Fiscal Savings from Budget 2012 - Data.
Key elements of the PBO information request remain unfulfilled. The additional information will be posted if and when it is provided by the government.
On May 20, 2013, the Member of Parliament for Outremont sought a progress report from the PBO on the analysis he requested regarding the impact of Budget 2012 savings initiatives.
Based on the current number and content of responses, at this time, the PBO is unable to complete the analysis. We will continue to pursue the requested information from the government and will report back to the member in due course.
Sonia L’Heureux, the Parliamentary Budget Officer on an interim basis, is pleased that the Federal Court of Canada has rendered a timely decision, regarding the questions raised by the PBO in responding to Mr. Mulcair’s request for analysis.
In its decision, the Federal Court has said that the statutory mandate of the Parliamentary Budget Officer (PBO) includes estimating the financial cost of any proposal that relates to a matter over which Parliament has jurisdiction when requested to do so by a member of the Senate or House of Commons.
In light of the Court’s decision, the PBO intends to request the information required in order to respond to the request from Mr. Thomas Mulcair, M.P. We expect that the requested information will be duly provided by the government departments and agencies. If a dispute arises, the Court has said it will be available to assist with its resolution.
For additional information, please contact 613-992-8026.