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 June 12, 2020. These measures are consistent with PBO’s latest economic and fiscal scenario, published on June 18, 2020.
Please view the latest listing of the PBO’s COVID-19 Cost Estimates by clicking on the links below.
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.
|18 June 2020 - Scenario Analysis Update: COVID-19 Pandemic and Oil Price Shocks|
|30 April 2020 - Scenario Analysis Update: COVID-19 Pandemic and Oil Price Shocks|
|9 April 2020 - Scenario Analysis Update: COVID-19 Pandemic and Oil Price Shocks|
|27 March 2020 - Scenario Analysis: COVID-19 Pandemic and Oil Price Shocks|
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.
|23 June 2020 - Canada Emergency Response Benefit – Eight Week Extension and Phase-out Rate|
|15 June 2020 - Proposed Changes to the Canadian Emergency Response Benefit (CERB)|
|10 June 2020 - Proposed Changes and Extension to the Canadian Emergency Response Benefit (CERB)|
|6 April 2020 - Refund of Goods and Services Sales Tax for Small Businesses (January-December 2019)|
|6 April 2020 - Refund of Goods and Services Sales Tax for Small Businesses (July-December 2019)|
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.