Fiscal Sustainability Report 2023
Published on July 27, 2023
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This report provides PBO’s assessment of the sustainability of government finances over the long term for the federal government, subnational governments and public pension plans.
Revised on September 19, 2023 (Quebec Pension Plan results only).
Communications
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Canada’s ageing population will result in more and more Canadians transitioning into their retirement years. This will lead to slower growth in the economy and government revenues. At the same time, population ageing will put financial pressure on government programs such as health care, Old Age Security and public pensions.
Yves
Giroux
Parliamentary Budget Officer
Parliamentary Budget Officer