THE PBO'S COVID-19 ANALYSIS

Last updated: June 2, 2020

Costing of Canada’s COVID-19 Economic Response Plan

The Government’s COVID-19 Economic Response Plan was launched on March 13, 2020.  It includes a range of new programs and is underpinned by new legislative authorities (Bills C-13, C-14 and C-15), which enact new benefits and programs and grant the Government extraordinary powers.

Consistent with the Parliamentary Budget Officer (PBO)’s mandate to provide independent, non-partisan analysis to Parliament on matters of particular significance relating to the nation’s finances or economy, the PBO will prepare cost estimates of the components of the Government’s COVID-19 Economic Response Plan.

The table below summarizes the estimated cost of all COVID-19 response measures up to April 24, 2020. These measures are consistent with PBO’s latest economic and fiscal scenario, published on April 30, 2020.

Please view the latest listing of the PBO’s COVID-19 Cost Estimates by clicking on the links below.

Scenario Analysis: COVID-19 Pandemic and Oil Price Shocks

The Parliamentary Budget Officer (PBO)’s scenario analysis reports are designed to help parliamentarians gauge the potential implications of the COVID-19 pandemic and oil price shocks on the Canadian economy and the Government’s finances.

This analysis provides a plausible illustrative scenario for the Canadian economy and the Government’s finances—it is not a forecast.

The PBO’s non-partisan scenario analysis will be updated regularly as more data and information become available.

Please view the PBO’s latest scenario analysis reports by clicking on the links below.

Costings Requested by Parliamentarians

The Parliamentary Budget Officer (PBO) is committed to providing high quality, non-partisan economic and fiscal analysis to parliamentarians during the pandemic and through the transition to recovery.

The PBO continues to respond to requests from committees and parliamentarians for cost estimates of new legislation and program proposals related to the COVID-19 pandemic.

Please view the latest cost estimates prepared by the PBO in response to requests from parliamentarians by clicking on the links below.

ABOUT THE PBO

The Parliamentary Budget Officer provides independent analysis on the state of the nation's finances, the government's estimates and trends in the Canadian economy; and upon request, estimates the cost of any proposal under Parliament's jurisdiction.
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