[{"label":"Home","url":"https:\/\/www.pbo-dpb.ca\/en"},{"label":"Team","url":"https:\/\/www.pbo-dpb.ca\/en\/staff--equipe","section":{"id":1,"title_en":"About","title_fr":"\u00c0 propos"}},{"label":"Jason Stanton","url":"https:\/\/www.pbo-dpb.ca\/en\/staff--equipe\/jason-stanton","section":{"id":1,"title_en":"About","title_fr":"\u00c0 propos"}}]

Jason Stanton

Advisor-Analyst

Jason Stanton is an Advisor-Analyst with the OPBO. Prior to joining the Office, Jason worked as an analyst at the Treasury Board of Canada Secretariat in the Expenditure Management Sector.

Jason has a Bachelor degree in International Business from Carleton University and is a CFA® charterholder.

Latest publications

    {"id":"RP-2223-011-S","is_published":"2022-06-22T12:57:02.000000Z","release_date":"2022-06-22T13:00:00.000000Z","updated_at":"2022-06-22T12:57:02.000000Z","type":"RP","internal_id":"RP-2223-011-S","title_en":"Trans Mountain Pipeline - Update","title_fr":"R\u00e9seau de pipelines Trans Mountain \u2014 Mise \u00e0 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December 2020, PBO released a report assessing the Government of Canada\u2019s 2018 decision to acquire, expand, operate, and eventually divest of the Trans Mountain Pipeline system.\n\nThis report provides an updated financial valuation of the purchased assets and estimates the valuation\u2019s sensitivity to several key factors.","abstract_fr":"En d\u00e9cembre 2020, le DPB a publi\u00e9 un rapport d\u2019\u00e9valuation sur la d\u00e9cision que le gouvernement du Canada a prise en 2018 d\u2019acqu\u00e9rir, d\u2019agrandir, d\u2019exploiter puis d\u2019un jour de c\u00e9der les actifs du r\u00e9seau de pipelines Trans Mountain.\n\nCe rapport pr\u00e9sente l\u2019\u00e9valuation \u00e0 jour de la valeur financi\u00e8re des actifs acquis ainsi que l\u2019estimation de la sensibilit\u00e9 de leur valeur \u00e0 plusieurs facteurs cl\u00e9s.","highlights":[{"content":{"en":"In this update, PBO finds that the Government\u2019s 2018 decision to acquire, expand, operate, and eventually divest of the Trans Mountain assets will result in a net loss for the federal government as calculated on a Net Present Value (NPV basis).","fr":"Dans la pr\u00e9sente mise \u00e0 jour, le DPB constate que la d\u00e9cision prise par le gouvernement en 2018 d\u2019acqu\u00e9rir, d\u2019agrandir, d\u2019exploiter puis de c\u00e9der les actifs du r\u00e9seau de pipelines Trans Mountain occasionnera une perte nette pour le gouvernement f\u00e9d\u00e9ral, calcul\u00e9e selon la valeur actualis\u00e9e nette (VAN)."}},{"content":{"en":"PBO also examined a scenario where the Trans Mountain Pipeline expansion is stopped after June 2022 and cancelled indefinitely. Under this scenario, the Government would need to write off over $14 billion in assets. The net impact would result in a significant financial loss for the Government and would lead to the Trans Mountain Corporation no longer being a going concern.","fr":"Le DPB a \u00e9galement examin\u00e9 un sc\u00e9nario selon lequel l\u2019agrandissement du pipeline Trans Mountain cesserait apr\u00e8s juin 2022 et serait annul\u00e9 pour une dur\u00e9e ind\u00e9termin\u00e9e. Dans un tel sc\u00e9nario, le gouvernement devrait radier des actifs d\u2019une valeur de plus de 14 milliards de dollars. Cela entra\u00eenerait des pertes financi\u00e8res consid\u00e9rables pour celui-ci et se traduirait par le fait que Trans Mountain Corporation cesserait ses activit\u00e9s."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223011S,\n author={Stanton, Jason and Vanderwees, Kaitlyn},\n title={Trans Mountain Pipeline - Update},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223011S,\n author={Stanton, Jason and Vanderwees, Kaitlyn},\n title={R\\\u0027{e}seau de pipelines Trans Mountain \\textemdash Mise \\`{a} jour},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"RP-2223-001-S","is_published":"2022-04-22T12:57:10.000000Z","release_date":"2022-04-22T13:00:00.000000Z","updated_at":"2022-04-22T13:03:40.000000Z","type":"RP","internal_id":"RP-2223-001-S","title_en":"Budget 2022: Issues for parliamentarians","title_fr":"Budget de 2022 : Consid\u00e9rations pour les parlementaires","slug":"RP-2223-001-S--budget-2022-issues-parliamentarians--budget-2022-considerations-parlementaires","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-001-S--budget-2022-issues-parliamentarians--budget-2022-considerations-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-001-S--budget-2022-issues-parliamentarians--budget-2022-considerations-parlementaires"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-001-S--budget-2022-issues-parliamentarians--budget-2022-considerations-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-001-S--budget-2022-issues-parliamentarians--budget-2022-considerations-parlementaires"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/2affe02238780197b2f57fd99bf0090bab48daaf6c30a157176c3ba0b227b791"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/b943b761559d67f44e46a40abd15dc4fe91ff465dbf8c9311483aa4e2b5dc2c5"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7a19e0a265b4fa3f53399ba6e9e92b85f9aa1f0f85a5242b3ac20cf0bcf659b1","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1560c17a0a526ab4dd31e1b4998cab8389a7ab14e33bec306132c0ffca952be5","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c8ed143e11dd2d5a19bf9695fedad409066d396e79203baecb9229eded2583d4","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/de1ed6fa375bb9ed2bb6b4b5340bf19be8d089398bac5a7aa5e5a898bc393b60","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/94c1fdc20c7884dfc7d322b610dd9be999d39eb6aae27ef9165513b84071afd0","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7d2b7c19bf3da09d450c88853fed37d96bb5972fd3dfdc89336fdf7006e76f52","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d0b500ac6146fb193671fd094cd9cfe1aad19ec9278eb80fec9572da81335ccd","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/49acbfa6cc86f8cddd94b470b63512674a0972626c29a6771f4745307dd06fe2"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/77a5a0d820348d99fc1ae0798c8660027c25d5b190e9c5cf51e3c7bb27954427","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/de69db44271c1bef3f88f1a4ec81efba346de6036c36bb7e8076b29b16f7eff5","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0e91838c7941ba5eddedc01f69001ee4deb40c8709771077bea11d8aaccea3d8","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/03afa70e2fa42bdda2282b940065486c89206ea42bd0607bc70e3c0e24c055ef","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/82182d241f2b9f2299fbab758eea3726a3f691b9bb86af6997f16d2858f99520","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7c4ad51b09050c66660f1e5a22be6208cc8687b4cd01cf2994327c10996d1bf5","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/930ae8e34a6beda2a30c754c968ea1afb9c847f843ba2fafcfec8c48f413c2f2","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2b8802a4800904ffe2c473a2a90d741d682cc8101d9c93089f8cde05ec566481"}}},"metadata":{"abstract_en":"To assist parliamentarians in their budgetary deliberations, this report highlights key issues arising from Budget 2022.","abstract_fr":"Ce rapport fait ressortir les faits saillants du budget de 2022 pour aider les parlementaires dans leurs d\u00e9lib\u00e9rations budg\u00e9taires.","highlights":[{"content":{"en":"Since the start of the pandemic, the Government has spent, or has planned to spend, $576 billion in new measures\u2014over 35 per cent, $204.5 billion, of this spending is not part of the COVID-19 Response Plan.","fr":"Depuis le d\u00e9but de la pand\u00e9mie, le gouvernement a d\u00e9pens\u00e9, ou pr\u00e9vu de d\u00e9penser, 576 milliards de dollars en nouvelles mesures \u2013 plus de 35 % de ces d\u00e9penses, soit 204,5 milliards de dollars, ne fait pas partie du Plan d\u2019intervention \u00e9conomique du Canada pour r\u00e9pondre \u00e0 la COVID-19."}},{"content":{"en":"Implementation of any remaining measures from the Liberal Party of Canada\u2019s 2021 election platform, as well as additional commitments not included in Budget 2022, such as Pharmacare, will impact the budgetary balance going forward.","fr":"La mise en \u0153uvre de toute mesure restante du programme \u00e9lectoral de 2021 du Parti lib\u00e9ral du Canada, ainsi que tout engagement suppl\u00e9mentaire non indiqu\u00e9 au budget de 2022, comme l\u2019assurance-m\u00e9dicaments, aura une incidence sur le solde budg\u00e9taire ult\u00e9rieur."}},{"content":{"en":"Budget 2022 includes new spending on tax compliance, which is expected to recover $3.4 billion in revenues. There is downside risk to the projected recovery in revenues due to a likely increase in the number of objections and appeals from taxpayers and CRA\u2019s performance on the collection of arrears.","fr":"Le budget de 2022 comporte de nouvelles d\u00e9penses pour l\u2019observation fiscale, dont on s\u2019attend qu\u2019elles entra\u00eenent le recouvrement de recettes fiscales de 3,4 milliards de dollars. Les recettes recouvr\u00e9es pourraient toutefois \u00eatre moins \u00e9lev\u00e9es que pr\u00e9vu, en raison d\u2019une probable augmentation du nombre d\u2019oppositions et d\u2019appels des contribuables et du rendement de l\u2019ARC en mati\u00e8re de perception des arri\u00e9r\u00e9s."}},{"content":{"en":"The Government expects to reduce spending by $9.0 billion beginning in 2023-24. The Government intends to review and identify areas to reduce spending. However, specific details regarding the scope of the review have not yet been announced.","fr":"Le gouvernement s\u2019attend \u00e0 r\u00e9duire les d\u00e9penses de 9,0 milliards de dollars en 2023-2024. Il entend proc\u00e9der \u00e0 un examen afin de d\u00e9terminer les secteurs o\u00f9 les d\u00e9penses seront r\u00e9duites. Cependant, certains d\u00e9tails sur la port\u00e9e de l\u2019examen n\u2019ont pas encore \u00e9t\u00e9 annonc\u00e9s."}},{"content":{"en":"The tabling of Budget 2022 a month after the Government\u2019s Main Estimates decouples the Government\u2019s fiscal planning from the medium-term operational plans tabled in Parliament. Parliamentarians could be well served by adopting a new legislative or administrative framework to enforce better alignment among the Government\u2019s various financial reports.","fr":"Le d\u00e9p\u00f4t du budget de 2022 un mois apr\u00e8s la pr\u00e9sentation du budget principal des d\u00e9penses dissocie la planification financi\u00e8re du gouvernement des plans op\u00e9rationnels \u00e0 moyen terme d\u00e9pos\u00e9s au Parlement. Il pourrait \u00eatre utile que les parlementaires adoptent un nouveau cadre l\u00e9gislatif ou administratif pour imposer une meilleure harmonisation entre les divers rapports financiers du gouvernement."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223001S,\n author={Bernier, Govindadeva and Grinshpoon, Kristina and Jacques, Jason and Nahornick, Nora and Nicol, Caroline and Perrault, Louis and Stanton, Jason},\n title={Budget 2022: Issues for parliamentarians},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223001S,\n author={Bernier, Govindadeva and Grinshpoon, Kristina and Jacques, Jason and Nahornick, Nora and Nicol, Caroline and Perrault, Louis and Stanton, Jason},\n title={Budget de 2022 : Consid\\\u0027{e}rations pour les parlementaires},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}} 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report provides a baseline projection to help parliamentarians gauge potential economic and fiscal outcomes under current policy settings.","abstract_fr":"Ce rapport pr\u00e9sente des pr\u00e9visions de r\u00e9f\u00e9rence pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et budg\u00e9taires possibles en vertu des cadres d\u2019action actuels.","highlights":[{"content":{"en":"PBO projects growth in the Canadian economy to rebound sharply in the second quarter and remain robust in the second half of 2022 as the reopening of the economy continues.","fr":"Le DPB pr\u00e9voit que la croissance de l\u2019\u00e9conomie canadienne reprendra nettement au cours du deuxi\u00e8me trimestre et qu\u2019elle demeurera solide durant la deuxi\u00e8me moiti\u00e9 de 2022 alors que se poursuit la r\u00e9ouverture progressive de l\u2019\u00e9conomie."}},{"content":{"en":"Based on our outlook for inflation and the output gap, PBO projects that the Bank of Canada will increase its policy interest rate by a cumulative 75 basis points, lifting its rate to 1.00 per cent by the end of 2022.","fr":"En s\u2019appuyant sur ses perspectives concernant l\u2019inflation et l\u2019\u00e9cart de production, le DPB pr\u00e9voit que la Banque du Canada va augmenter son taux directeur de 75 points de base cumulatifs, relevant le taux \u00e0 1 % d\u2019ici la fin de 2022."}},{"content":{"en":"PBO projects a budget deficit of $139.8 billion (5.6 per cent of GDP) in 2021-22 and $47.9 billion (1.8 per cent of GDP) in 2022-23. We project the federal debt-to-GDP ratio to peak at 47.7 per cent in 2021-22 and then gradually decline over the medium term to 42.3 per cent.","fr":"Le DPB pr\u00e9voit un d\u00e9ficit budg\u00e9taire de 139,8 milliards de dollars en 2021-2022 (5,6 % du PIB) et de 47,9 milliards de dollars en 2022-2023, soit 1,8 % du PIB. Le ratio de la dette f\u00e9d\u00e9rale au PIB devrait atteindre un sommet \u00e0 47,7 % du PIB en 2021-2022 avant de revenir progressivement \u00e0 moyen terme \u00e0 42,3 %."}},{"content":{"en":"Due to low interest rates, the cost of servicing the federal debt reached its lowest recorded level in 2020-21 of 7.2 per cent of tax revenues. While interest rates are projected to rise, the debt service ratio will remain low, reaching 11.5 per cent of tax revenues over the medium term.","fr":"\u00c9tant donn\u00e9 les faibles taux d\u2019int\u00e9r\u00eat, le co\u00fbt de service de la dette f\u00e9d\u00e9rale a atteint son niveau le plus bas enregistr\u00e9 en 2020-2021, \u00e0 7,2 % des recettes fiscales. Malgr\u00e9 la hausse anticip\u00e9e des taux d\u2019int\u00e9r\u00eat, le ratio du service de la dette du gouvernement demeurera bas, atteignant 11,5 % des recettes fiscales \u00e0 moyen terme."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2122030S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Ammar, Nasreddine and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Duncan, Krista and Forsyth, Jamie and Giswold, Jill and MacPhee, Sarah and Michalyshyn, Katarina and Segel-Brown, Ben and Sourang, Diarra and Vanderwees, Kaitlyn},\n title={Economic and Fiscal Outlook - March 2022},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2122030S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Ammar, Nasreddine and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Duncan, Krista and Forsyth, Jamie and Giswold, Jill and MacPhee, Sarah and Michalyshyn, Katarina and Segel-Brown, Ben and Sourang, Diarra and Vanderwees, Kaitlyn},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res - Mars 2022},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"RP-2122-027-S","is_published":"2022-01-19T14:00:10.000000Z","release_date":"2022-01-19T14:00:00.000000Z","updated_at":"2022-01-19T14:00:10.000000Z","type":"RP","internal_id":"RP-2122-027-S","title_en":"Economic and Fiscal Update 2021: Issues for Parliamentarians","title_fr":"Mise \u00e0 jour \u00e9conomique et budg\u00e9taire de 2021 : Enjeux pour les 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report highlights key issues arising from the 2021 Economic and Fiscal Update to assist parliamentarians in their budgetary deliberations.","abstract_fr":"Le pr\u00e9sent rapport fait ressortir les faits saillants de la mise \u00e0 jour \u00e9conomique et budg\u00e9taire de 2021 pour aider les parlementaires dans leurs d\u00e9lib\u00e9rations budg\u00e9taires.","highlights":[{"content":{"en":"To promote fiscal transparency, the report recommends legislative amendments for Parliament to consider, such as moving the release date of the Public Accounts by three months to no later than September 30th.","fr":"Par souci de transparence budg\u00e9taire, le rapport recommande au Parlement d\u2019\u00e9tudier des modifications l\u00e9gislatives, visant notamment \u00e0 devancer la publication des Comptes publics de trois mois, soit au plus tard le 30 septembre."}},{"content":{"en":"The report shows that since the start of the pandemic, the Government has spent, or has planned to spend, $541.9 billion in new measures\u2014almost one third of which is not part of the COVID-19 Response Plan.","fr":"Le rapport indique que depuis le d\u00e9but de la pand\u00e9mie, le gouvernement a d\u00e9pens\u00e9, ou a pr\u00e9vu d\u00e9penser, 541,9 milliards de dollars en nouvelles mesures \u2013 pr\u00e8s du tiers ne faisant pas partie de la R\u00e9ponse du Canada \u00e0 la pand\u00e9mie de COVID-19."}},{"content":{"en":"The $71.2 billion in new measures in the Government\u2019s Update are largely in addition to the measures included in the Liberal Party of Canada\u2019s 2021 election platform. The report estimates that remaining platform measures would amount to $48.5 billion in net new spending.","fr":"Les 71,2 milliards de dollars en nouvelles mesures dans la Mise \u00e0 jour du gouvernement s\u2019ajoutent en grande partie aux mesures incluses dans le programme \u00e9lectoral du Parti lib\u00e9ral du Canada pour 2021. Le rapport estime que les autres mesures de la plateforme s\u2019\u00e9l\u00e8veraient \u00e0 48,5 milliards de dollars en nouvelles d\u00e9penses nettes."}},{"content":{"en":"Fiscal guardrail indicators in the Update have effectively returned to their pre-pandemic benchmarks. The report notes that the policy rationale for the additional spending initially presented as stimulus spending no longer exists.","fr":"Les indicateurs que sont les garde-fous budg\u00e9taires sont revenus \u00e0 leur niveau de r\u00e9f\u00e9rence d\u2019avant la pand\u00e9mie. Le rapport note que les d\u00e9penses suppl\u00e9mentaires initialement pr\u00e9vues pour la relance \u00e9conomique ne sont plus n\u00e9cessaires."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2122027S,\n author={Jacques, Jason and MacPhee, Sarah and Nicol, Caroline and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Economic and Fiscal Update 2021: Issues for Parliamentarians},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2122027S,\n author={Jacques, Jason and MacPhee, Sarah and Nicol, Caroline and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Mise \\`{a} jour \\\u0027{e}conomique et budg\\\u0027{e}taire de 2021 : Enjeux pour les parlementaires},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}} 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report examines the federal government\u2019s Expenditure Plan and Main Estimates for 2021-22, which supports the first two appropriation bills that seek Parliament\u2019s approval of $141.9 billion in budgetary authorities.","abstract_fr":"Le pr\u00e9sent rapport porte sur le plan des d\u00e9penses du gouvernement et le Budget principal des d\u00e9penses pour 2021-2022, qui appuie les deux premiers projets de loi de cr\u00e9dits visant \u00e0 faire approuver par le Parlement des d\u00e9penses totalisant 141,9 milliards de dollars en autorisations de d\u00e9penses budg\u00e9taires.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2021044S,\n author={Giswold, Jill and Stanton, Jason},\n title={The Government\u2019s Expenditure Plan and Main Estimates for 2021-22},\n institution={The Office of the Parliamentary Budget Officer},\n year=2021,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2021044S,\n author={Giswold, Jill and Stanton, Jason},\n title={Le 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report presents a detailed analysis of the Government\u2019s third and final supplementary estimates for the 2020-21 fiscal year, which seeks Parliament\u2019s approval of $13.4 billion.","abstract_fr":"Le pr\u00e9sent rapport fournit une analyse d\u00e9taill\u00e9e du troisi\u00e8me et dernier budget suppl\u00e9mentaire des d\u00e9penses du gouvernement pour l\u2019exercice 2020-2021, dans lequel ce dernier demande au Parlement d\u2019approuver des d\u00e9penses totalisant 13,4 milliards de dollars.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2021043S,\n author={Giswold, Jill and Stanton, Jason and Behrend, Robert},\n title={Supplementary Estimates (C) 2020-21},\n institution={The Office of the Parliamentary Budget Officer},\n year=2021,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2021043S,\n author={Giswold, Jill and Stanton, Jason and Behrend, Robert},\n title={Budget suppl\\\u0027{e}mentaire des d\\\u0027{e}penses (C) 2020-2021},\n 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January 2019, PBO released a [report](https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-1819-392--canadas-purchase-of-the-trans-mountain--achat-du-pipeline-trans-mountain-par) assessing the Government of Canada\u2019s 2018 decision to acquire, expand, operate, and eventually divest of the Trans Mountain Pipeline system.\n\nThis report provides an updated financial valuation of the purchased assets, estimates the valuation\u2019s sensitivity to several key factors, and projects the economic impact of the Expansion Project\u2019s construction activities.","abstract_fr":"En janvier 2019, le DPB a publi\u00e9 un [rapport](https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-1819-392--canadas-purchase-of-the-trans-mountain--achat-du-pipeline-trans-mountain-par) \u00e9valuant la d\u00e9cision du gouvernement du Canada en 2018 d\u2019acheter, d\u2019agrandir, d\u2019exploiter puis de c\u00e9der le pipeline Trans Mountain.\n \nLe pr\u00e9sent rapport renferme une \u00e9valuation financi\u00e8re des actifs achet\u00e9s, une estimation de la sensibilit\u00e9 de cette \u00e9valuation \u00e0 plusieurs facteurs cl\u00e9s, et une estimation des retomb\u00e9es \u00e9conomiques des activit\u00e9s de construction du projet d\u2019agrandissement du r\u00e9seau de Trans Mountain (PARTM).","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2021035S,\n author={Stanton, Jason and Wodrich, Nigel and Matier, Chris},\n title={Trans Mountain Pipeline - Financial and Economic Considerations - Update},\n institution={The Office of the Parliamentary Budget Officer},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2021035S,\n author={Stanton, Jason and Wodrich, Nigel and Matier, Chris},\n title={Le pipeline Trans Mountain - Consid\\\u0027{e}rations financi\\`{e}res et \\\u0027{e}conomiques - Mise \\`{a} jour},\n institution={Bureau du directeur parlementaire du budget},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}"}} 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PBO estimates total net income generated by this measure to be $389 million in 2020-21. The time horizon for this costing is aligned to the Economic and Fiscal Scenario PBO published on March 27, 2020, which only extends to 2020-21. There are likely fiscal impacts from this measure for subsequent years.","abstract_fr":"Accroissement de la capacit\u00e9 de pr\u00eat de la Banque de d\u00e9veloppement du Canada (BDC) de 20 milliards de dollars. Le DPB estime le revenu net total de cette mesure \u00e0 389 millions de dollars en 2020-2021. L\u2019horizon temporel de cette \u00e9valuation de co\u00fbts s\u2019aligne sur le sc\u00e9nario \u00e9conomique et financier publi\u00e9s par le DPB le 27 mars 2020, qui ne s\u2019\u00e9chelonnent que jusqu\u2019en 2020-2021. L\u2019incidence financi\u00e8re de cette mesure se fera probablement sentir au cours des ann\u00e9es \u00e0 venir.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-LEG2021009S,\n author={Srivatsan, Varun and Stanton, Jason},\n title={Co-Lending Program for Small and Medium Sized Enterprises},\n institution={The Office of the Parliamentary Budget Officer},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2021009S,\n author={Srivatsan, Varun and Stanton, Jason},\n title={Programme de pr\\^{e}ts conjoints pour les petites et moyennes entreprises},\n institution={Bureau du directeur parlementaire du budget},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"LEG-2021-010-S","is_published":"2021-05-12T18:51:09.000000Z","release_date":"2020-04-09T13:00:00.000000Z","updated_at":"2021-05-12T19:10:16.000000Z","type":"LEG","internal_id":"LEG-2021-010-S","title_en":"Additional Lending Capacity for Farm Credit Canada (FCC)","title_fr":"Accroissement de la capacit\u00e9 de pr\u00eat de Financement agricole Canada (FAC)","slug":"LEG-2021-010-S--additional-lending-capacity-farm-credit-canada-fcc--accroissement-capacite-pret-financement-agricole-canada-fac","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2021-010-S--additional-lending-capacity-farm-credit-canada-fcc--accroissement-capacite-pret-financement-agricole-canada-fac","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2021-010-S--additional-lending-capacity-farm-credit-canada-fcc--accroissement-capacite-pret-financement-agricole-canada-fac"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2021-010-S--additional-lending-capacity-farm-credit-canada-fcc--accroissement-capacite-pret-financement-agricole-canada-fac","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2021-010-S--additional-lending-capacity-farm-credit-canada-fcc--accroissement-capacite-pret-financement-agricole-canada-fac"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/3bb6e5a55c1b5e333410adb80b51cd868a5e0968153febb06d2243200cf4167b"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/2d2e87c4a4f1dce93d1cfb090312a645f21a1acdf35964a4959b957f8850445f"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/526ff1b8bcbe2b5de3f1e5a4cfc3ae16e9a8abb323e96e0c09b6e490e46797ce","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b5e088c73fe95d6073937a6083978188c368583414fff444defda363cd3df275","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6c7d827b56730506531d7e7b36fada733404c4a4abdb87d9fb6c222e5ed6e11e","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7c5e8346b6971a6ab157f6b851f458886d5e62cb6434c946b37e2221ba96aa67","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/003fe2993cac2d57534b2da7b452b894c46c85dd523533dd8ba9d22c4ad4e8ae","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8b4fbcd52a3e0384c43dac6c5b421d85d36ef0c8abda0e50dfb380ee9d010d4d","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ddd28de36735669520913600a38487d1f0e2091ff4e9fe65b888c2b6fdc00d12","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2c33bf2a80a19685f6e50d13a9244c7e4ba8fef54e9b8059cda8a36c3bf43fbf"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0dc64c50c8666d1eb28c7f2269bf9c2db580326bc47ea5cd65df11116f4fe808","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5e4fcd95006cd054ad1a045aa679e4174adae21df9af5b6d7af3480f01e70ae1","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/70a2471b0f28fb44d7e12e96ba67c23ba995f8e7f4832cdb7c6bf92eb44b2de9","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b0fa370aeb8dae50f76cf9f17ac067fbf505e4bdd32e2367278902c1f55c9ca5","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/09e1f8ee9495f404b0bde0652de23c855509e48a870e35411da20139fabd6835","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/98c0a3efd2e146b1d8578e3ab17771f3345349c02215649858201c7d9b7090db","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b65534ed76f1a27798ee5bda48b84079d98fc80e9abcb4610c58200f39dcc819","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/59d156db972fdb79dc22b97393e766152e89fdeda5dc24fff2fe3a2c0e66f925"}}},"metadata":{"abstract_en":"Increasing the lending capacity of Farm Credit Canada by an additional $5 billion. PBO estimates total net income generated by this measure to be $96 million in 2020-21. The time horizon for this costing is aligned to the Economic and Fiscal Scenario PBO published on March 27, 2020, which only extends to 2020-21. There are likely fiscal impacts from this measure for subsequent years.","abstract_fr":"Accroissement de la capacit\u00e9 de pr\u00eat de Financement agricole Canada (FAC) de 5 milliards de dollars. Le DPB estime le revenu net total de cette mesure \u00e0 96 millions de dollars en 2020-2021. L\u2019horizon temporel de cette \u00e9valuation de co\u00fbts s\u2019aligne sur le sc\u00e9nario \u00e9conomique et financier publi\u00e9s par le DPB le 27 mars 2020, qui ne s\u2019\u00e9chelonnent que jusqu\u2019en 2020-2021. L\u2019incidence financi\u00e8re probable de cette mesure se fera sentir au cours des ann\u00e9es \u00e0 venir.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-LEG2021010S,\n author={Srivatsan, Varun and Stanton, Jason},\n title={Additional Lending Capacity for Farm Credit Canada (FCC)},\n institution={The Office of the Parliamentary Budget Officer},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2021010S,\n author={Srivatsan, Varun and Stanton, Jason},\n title={Accroissement de la capacit\\\u0027{e} de pr\\^{e}t de Financement agricole Canada (FAC)},\n institution={Bureau du directeur parlementaire du budget},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"LEG-2021-002-S","is_published":"2021-05-12T19:19:14.000000Z","release_date":"2020-04-02T13:00:00.000000Z","updated_at":"2021-05-12T19:20:41.000000Z","type":"LEG","internal_id":"LEG-2021-002-S","title_en":"Insured Mortgage Purchase Program (IMPP)","title_fr":"Programme d\u2019achat de pr\u00eats hypoth\u00e9caires assur\u00e9s (PAPHA)","slug":"LEG-2021-002-S--insured-mortgage-purchase-program-impp--programme-achat-prets-hypothecaires-assures-papha","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2021-002-S--insured-mortgage-purchase-program-impp--programme-achat-prets-hypothecaires-assures-papha","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2021-002-S--insured-mortgage-purchase-program-impp--programme-achat-prets-hypothecaires-assures-papha"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2021-002-S--insured-mortgage-purchase-program-impp--programme-achat-prets-hypothecaires-assures-papha","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2021-002-S--insured-mortgage-purchase-program-impp--programme-achat-prets-hypothecaires-assures-papha"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/a4505075824a91ccf3d9784c2bcadc77302a4fa3311166de2509f851ef61f70f"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/e786e758d609afd6789f377bcbd274809b66405c8e65c40bd49e0db8445d1282"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/bd5c280583c0e418cf6ccbe1a846287ee97040cb0948dc8f4191e3e9cefc2a5e","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/23301acce0390a11abb7102fc44e6da2df52a6893d14730e9f83bc9ea3f8399c","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/701cd26ae208cce373ee461f1f1af26a5a256546e1caf3927779e7559777f573","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7005234152990cc5892bc47b952f1e71046ac457c93ec9006b02253a86a15c64","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fef02993dae3f375ff6d827f5d34adab40bca4d0e2bb1db5cad63bfd3bc3ca76","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/40cdc6f9f592b919d29bb93d540dceb75a5c9709f11e0b8d0b4a0094c4f97c37","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/93f3f8a0f973fc45cbf718bc216196f836349369e37ee68d603c858103a53600","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c6dfdb5144d40fc0c86c2aea748f27dbce7d134988b2a54f8039551a11de40eb"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f8b63ee07c99f31e1183542b064b79bb104bca2ccdef8df1dad32db5c216eb91","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0f6a3759d8b84ec95083115f38ea3dfc3604d8735118a3231d177aa4effad575","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a168ffc4fb905e3e7f34eb894d0cdfc7a76b2b0e742fe0c23b8d29b800f42f61","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/62866b83882e49a955d6918c4bc66d23bbeff91b7c917b46e4323cd7a4a57f74","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/91e826b126fe80a4ad548a1e0094ef39074444e3c014832d5cc1a969fb6eeb09","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c502a87fdde911d1c0bd3ab592edcc8ebc55301c7faa8a479cf4f54e0a620074","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a62b0e3587c3aff553b216f1ebf5001c67e14ec794472cdbb2a82362eb93666c","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0d2a85a858578c238b33c5ec35bb2ec408ccdf3365a99cb2dd05c2b4e5855c2e"}}},"metadata":{"abstract_en":"As part of the IMPP, the Government will purchase up to $150 billion of insured mortgage pools through the Canada Mortgage and Housing Corporation (CMHC). The objective of the IMPP is to provide financial market liquidity to ensure continued lending to businesses and individuals. The IMPP was last used in 2008 2010. PBO estimates the total net savings of this measure to be $13 million in 2019-20 and $428 million 2020-21. The time horizon for this costing is aligned to PBO\u2019s current Economic and Fiscal Scenario, although there may be potential fiscal impacts for subsequent years.","abstract_fr":"Dans le cadre du PAPHA, le gouvernement ach\u00e8tera jusqu\u2019\u00e0 150 milliards de dollars de blocs de pr\u00eats hypoth\u00e9caires assur\u00e9s par l\u2019entremise de la Soci\u00e9t\u00e9 canadienne d\u2019hypoth\u00e8ques et de logement (SCHL). Ce programme vise \u00e0 soutenir la liquidit\u00e9 des march\u00e9s financiers afin que les entreprises et les particuliers puissent continuer \u00e0 obtenir des pr\u00eats. Il a \u00e9t\u00e9 utilis\u00e9 pour la derni\u00e8re fois en 2008-2010. Le DPB \u00e9value que les \u00e9conomies nettes totales de cette mesure seront de 13 millions de dollars en 2019-2020 et de 428 millions de dollars en 2020-2021. L\u2019horizon pr\u00e9visionnel de cette \u00e9valuation de co\u00fbts est conforme au sc\u00e9nario \u00e9conomique et financier du DPB, bien que des r\u00e9percussions financi\u00e8res pourraient \u00eatre \u00e0 pr\u00e9voir au cours des ann\u00e9es subs\u00e9quentes.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-LEG2021002S,\n author={Srivatsan, Varun and Stanton, Jason},\n title={Insured Mortgage Purchase Program (IMPP)},\n institution={The Office of the Parliamentary Budget Officer},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2021002S,\n author={Srivatsan, Varun and Stanton, Jason},\n title={Programme d\u2019achat de pr\\^{e}ts hypoth\\\u0027{e}caires assur\\\u0027{e}s (PAPHA)},\n institution={Bureau du directeur parlementaire du budget},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}"}} 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note examines the federal government\u2019s Expenditure Plan and Main Estimates for 2020-21, which supports the first two appropriation bills that will seek Parliament\u2019s approval of $125.1 billion.","abstract_fr":"Le pr\u00e9sent document porte sur le Plan des d\u00e9penses du gouvernement et le Budget principal des d\u00e9penses pour 2020-2021, qui appuie les deux premiers projets de loi de cr\u00e9dits dans lesquels le gouvernement demande au Parlement d\u2019approuver une somme de 125,1 milliards de dollars.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2021031,\n author={Giswold, Jill and Stanton, Jason},\n title={The Government\u2019s Expenditure Plan and Main Estimates for 2020-21},\n institution={The Office of the Parliamentary Budget Officer},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2021031,\n author={Giswold, Jill and Stanton, Jason},\n title={Le Plan des d\\\u0027{e}penses du gouvernement et le Budget principal des d\\\u0027{e}penses pour 2020-2021},\n institution={Bureau du directeur parlementaire du budget},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"RP-1920-028-S","is_published":"2021-08-06T20:21:02.000000Z","release_date":"2020-02-26T14:00:00.000000Z","updated_at":"2021-08-26T17:42:16.000000Z","type":"RP","internal_id":"RP-1920-028-S","title_en":"Supplementary Estimates (B) 2019-20","title_fr":"Budget suppl\u00e9mentaire des d\u00e9penses (B) 2019-2020","slug":"RP-1920-028-S--supplementary-estimates-b-2019-20--budget-supplementaire-depenses-b-2019-2020","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-1920-028-S--supplementary-estimates-b-2019-20--budget-supplementaire-depenses-b-2019-2020","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-1920-028-S--supplementary-estimates-b-2019-20--budget-supplementaire-depenses-b-2019-2020"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-1920-028-S--supplementary-estimates-b-2019-20--budget-supplementaire-depenses-b-2019-2020","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-1920-028-S--supplementary-estimates-b-2019-20--budget-supplementaire-depenses-b-2019-2020"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/11830adbb70e9c481934a53e31aedc2816aa3c95f8ae08c37f9679e8a3b6d7d6"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/69499366449450916c18b6b1a1e64bf710eb9d247d3e2b6622a7076f43e60a26"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0f8053780103144aecb851e5971e9f1318b6236b37974e12a4658b3bcd684e45","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e06706ea43bc40cc2f92a2b0a92eb865e7c4402ce63eb2a8ba979e5fc3bd4b71","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/53f2c70a6dbb464ecfc39f52e66669eabbe63c6c531569be69a4da8d53664928","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9d09c68a8c1da0aaa16cc6e7ce6e997b6f3e4a9c9a6b1187a656e1c3098c72df","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cbe9552f4b54b2efc750667b8ca1697b4eb438d5a85e0f8c0f3fde782c431522","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b529a42cb5ed75f95c3388dd126f77229db05c05ec18e587115e4b445cb022e6","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0e5adafc1117d7da3d4c42f962c3ad6340cd8cef496dcad35f27c7a3193ae3e6","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d6945a0a2b5f88a29ebb04e863d2832ffb09ca2f6bcfde75e140eb7aec824d86"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5da4ff74640c9ee7642fe062e08e279f78d0c491fdc911395cbfbaafedf42255","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/841b7d925f017a81253c7e6f66056da321b41ba1edd63d1e973af2494da4e22e","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/beb481d37afd98538a3a258451eb016f0c10658b6a177c0fdc8132aeb99e2004","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/26e171737fe518dac696dde8d5ff472aae61706a8deb1edeed280885b9af50cb","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0c1180ee440b7ea55ec71508aef83522ede729172f35d284cac2e0793029428a","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/dd1c36ce63254496dcc7e97ad4f0347840727ab8ee4256896859c045da14ffc3","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/124940a26cf8e9faa4f15f2d26bd54ac301f1befbe994cf1c0399780a137fb35","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8d605cf636515df706bfd1d5cf3e3fe0a6db308e3c1f2022f7ce2df30fab336b"}}},"metadata":{"abstract_en":"This note presents a detailed analysis of the Government\u2019s second supplementary estimates for the 2019-20 fiscal year, which seeks Parliament\u2019s approval of $3.8 billion to be spent before March 31, 2020.\n\n---\n\nSupplementary Estimates (B), tabled February 18, 2020 in the House of Commons, outline an additional $5.6 billion in budgetary authorities: $3.8 billion in spending which requires Parliament\u2019s approval and $1.8 billion for which legislative permission already exists.\n\nIncluding these supplementary estimates, the total proposed year-to-date budgetary authorities are $312 billion, which represents a $21.8 billion (7.5 per cent) increase over the 2018-19 estimates to date.\n\nMajor spending items in these estimates include:\n\n- $919 million to the Department of Crown-Indigenous Relations and Northern Affairs for loan forgiveness and reimbursement for comprehensive land claims negotiations;\n- $487 million to the Department of National Defence for funding capital investments as part of the department\u2019s defence policy, Strong, Secure, Engaged (SSE);\n- $180 million to the Department of Employment and Social Development to write-off unrecoverable debts for Canada Student Loans; and,\n- $950 million in statutory authorities to the Department of Natural Resources for the Green Municipal Fund.\n\nThese estimates will be the last under the temporary change to Standing Order 81, which took effect in 2018-19 and aimed to better align the estimates process with the Budget. As of the 2020-21 fiscal year, the original process will be reintroduced, meaning that the Main Estimates will be tabled prior to the Budget. This will also likely bring back the need for three Supplementary Estimates (in the spring, fall and winter).\n\nAs a result of these changes, all Budget items will be required to go through detailed Treasury Board (a Committee of Ministers chaired by the President of the Treasury Board) scrutiny prior to funding being sought from Parliament. At the same time, this may mean a longer delay between the announcement of new initiatives and their implementation, as the earliest opportunity to receive approval for the funds will be in the spring Supplementary Estimates (A).\n\nPBO also notes that given that the 2018-19 Departmental Results Reports were not presented to Parliament prior to the tabling of the 2019-20 Supplementary Estimates, parliamentarians are required to consider (and approve) the proposed spending without knowing whether any of the organizations achieved their intended results for the previous year.","abstract_fr":"Cette note pr\u00e9sente une analyse d\u00e9taill\u00e9e du deuxi\u00e8me budget suppl\u00e9mentaire des d\u00e9penses du gouvernement pour l\u2019exercice 2019-2020, dans lequel ce dernier demande au Parlement d\u2019approuver des d\u00e9penses de 3,8 milliards de dollars avant le 31 mars 2020.\n\n---\n\nLe Budget suppl\u00e9mentaire des d\u00e9penses (B) d\u00e9pos\u00e9 le 18 f\u00e9vrier 2020 \u00e0 la Chambre des communes porte sur des autorisations budg\u00e9taires suppl\u00e9mentaires totalisant 5,6 milliards de dollars : les autorisations vot\u00e9es, qui doivent \u00eatre approuv\u00e9es par le Parlement, s\u2019\u00e9l\u00e8vent au total \u00e0 3,8 milliards de dollars, tandis que les autorisations l\u00e9gislatives, pour lesquelles le gouvernement a d\u00e9j\u00e0 re\u00e7u la permission de d\u00e9penser du Parlement, se chiffrent \u00e0 1,8 milliard de dollars.\n\nLe montant total des autorisations budg\u00e9taires propos\u00e9es \u00e0 ce jour, y compris le pr\u00e9sent budget suppl\u00e9mentaire des d\u00e9penses, s\u2019\u00e9l\u00e8ve \u00e0 312 milliards de dollars, soit 21,8 milliards de dollars (7,5 %) de plus par rapport au budget des d\u00e9penses \u00e0 ce jour 2018-2019.\n\nParmi les grands postes de d\u00e9penses du pr\u00e9sent budget suppl\u00e9mentaire des d\u00e9penses, mentionnons :\n\n- 919 millions de dollars pour le minist\u00e8re des Relations Couronne\u2011Autochtones et des Affaires du Nord pour la renonciation aux dettes des pr\u00eats relatifs aux n\u00e9gociations des revendications territoriales globales et au remboursement des pr\u00eats repay\u00e9s;\n- 487 millions de dollars pour le minist\u00e8re de la D\u00e9fense nationale pour les d\u00e9penses en immobilisations \u00e0 l\u2019appui de la politique Protection, S\u00e9curit\u00e9, Engagement;\n- 180 millions de dollars pour le minist\u00e8re de l\u2019Emploi et du D\u00e9veloppement social pour la radiation des dettes irr\u00e9couvrables d\u00e9coulant de pr\u00eats d\u2019\u00e9tudes canadiens;\n- 950 millions de dollars pour le minist\u00e8re des Ressources naturelles pour le Fonds municipal vert.\n\nLe pr\u00e9sent budget suppl\u00e9mentaire des d\u00e9penses sera le dernier budget pr\u00e9sent\u00e9 au titre des modifications apport\u00e9es temporairement \u00e0 l\u2019article 81 du R\u00e8glement, qui sont entr\u00e9es en vigueur en 2018-2019 et qui visaient \u00e0 mieux harmoniser le processus budg\u00e9taire et le budget. \u00c0 compter de l\u2019exercice 2020-2021, le processus initial sera r\u00e9introduit, ce qui signifie que le budget principal des d\u00e9penses sera d\u00e9pos\u00e9 avant le budget et qu\u2019il faudra fort probablement pr\u00e9senter \u00e0 nouveau trois budgets suppl\u00e9mentaires des d\u00e9penses (au printemps, \u00e0 l\u2019automne et \u00e0 l\u2019hiver).\n\nEn raison de ces changements, les postes budg\u00e9taires devront faire l\u2019objet d\u2019un examen d\u00e9taill\u00e9 par le Conseil du Tr\u00e9sor (un comit\u00e9 de ministres pr\u00e9sid\u00e9 par le pr\u00e9sident du Conseil du Tr\u00e9sor) avant qu\u2019il soit possible de demander des fonds au Parlement. Parall\u00e8lement, il pourrait s\u2019\u00e9couler plus de temps entre l\u2019annonce de nouvelles initiatives et leur r\u00e9alisation, puisque le budget suppl\u00e9mentaire des d\u00e9penses du printemps (A) sera la premi\u00e8re occasion de faire approuver les fonds.\n\nLe DPB tient aussi \u00e0 faire observer qu\u2019\u00e9tant donn\u00e9 que les rapports sur les r\u00e9sultats minist\u00e9riels 2018-2019 n\u2019ont pas \u00e9t\u00e9 pr\u00e9sent\u00e9s au Parlement avant le d\u00e9p\u00f4t des budgets suppl\u00e9mentaires des d\u00e9penses de 2019-2020, les parlementaires doivent examiner (et approuver) les d\u00e9penses propos\u00e9es sans savoir si les organismes ont atteint les r\u00e9sultats escompt\u00e9s au cours de l\u2019ann\u00e9e pr\u00e9c\u00e9dente.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-RP1920028S,\n author={Giswold, Jill and Stanton, Jason and Behrend, Robert},\n title={Supplementary Estimates (B) 2019-20},\n institution={The Office of the 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report provides financial and economic analysis relating to the Government of Canada\u2019s This report provides financial and economic analysis relating to the Government of Canada\u2019s purchase of the Trans Mountain Pipeline, Expansion Project and related assets.of the Trans Mountain Pipeline, Expansion Project and related assets.","abstract_fr":"Dans l\u2019\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne 2018, le gouvernement du Canada a annonc\u00e9 l\u2019achat, en ao\u00fbt 2018, du pipeline Trans Mountain, du projet d\u2019agrandissement du r\u00e9seau de Trans Mountain et d\u2019autres actifs connexes, pour une somme de 4,4 milliards de dollars.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-RP1819392,\n author={Matier, Chris and Srivatsan, Varun and Stanton, Jason and Wodrich, Nigel},\n title={Canada\u2019s purchase of the Trans Mountain Pipeline - Economic and Financial Considerations},\n institution={The Office of the Parliamentary Budget Officer},\n 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