[{"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":"Kaitlyn Vanderwees","url":"https:\/\/www.pbo-dpb.ca\/en\/staff--equipe\/kaitlyn-vanderwees","section":{"id":1,"title_en":"About","title_fr":"\u00c0 propos"}}]

Kaitlyn Vanderwees

Analyst

Kaitlyn Vanderwees is an Economic Analyst with the Office of the Parliamentary Budget Officer.

Kaitlyn holds an MA in Economics and a BA in Politics, Philosophy and Economics from Queen’s University. Prior to joining the PBO, Kaitlyn worked as a teaching assistant for Queen’s University and volunteered as a research assistant for the Joint Initiative on Latin American Experimental Economics.

Latest publications

{"id":"RP-2324-021-S","is_published":"2023-11-16T13:57:06.000000Z","release_date":"2023-11-16T14:00:00.000000Z","updated_at":"2023-11-16T13:57:06.000000Z","type":"RP","internal_id":"RP-2324-021-S","title_en":"Supplementary Estimates (B) 2023-24","title_fr":"Budget suppl\u00e9mentaire des d\u00e9penses (B) 2023-2024","slug":"RP-2324-021-S--supplementary-estimates-b-2023-24--budget-supplementaire-depenses-b-2023-2024","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-021-S--supplementary-estimates-b-2023-24--budget-supplementaire-depenses-b-2023-2024","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-021-S--supplementary-estimates-b-2023-24--budget-supplementaire-depenses-b-2023-2024"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-021-S--supplementary-estimates-b-2023-24--budget-supplementaire-depenses-b-2023-2024","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-021-S--supplementary-estimates-b-2023-24--budget-supplementaire-depenses-b-2023-2024"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/0d89a0d762a89676360ee0876e161a84af17058f5ccadfd6f6be0e990e76347e"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/2eb26ff530c22d8b3138a8c165c95ff3ef26b0f50d0aba3bbfb57957445d0e7d"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2164481687039a0bea68448a1c2ec1288f5eacabeb1a5eb962dd910f2ca60fe3","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9fa9b51d1f686f14ef26bb5a9e8a750ba6259fcb0d50c83a0e8258bfa34d25f8","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/13b0b6d56fd29cef73b3e4a31b7770b1c1a8520fdf784ecef34bad3dd02d7333","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/601f998ff037931c07d8708c0845a59fce34b6d69c013237ff9c81f80431942d","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/591b78d61950d4a994eda8cc1b15542ccc7a8d4f598d67c55c39e969656922a2","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d0b9e0bd7ea1c2790bb71dbb4f31e19f27ce1daa5b269e93abf85f16223ea73b","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fc212167aae6e3ff79c3d453155942f6f5d41bb5ece4b0272b3871c369ada499","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6324eb50292261b8ac47ec9c361a74d3a38ab688f97fe09038a17f0e7d4aeed9"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6f6ff3d8f48a1be2f9a5cab06bbb257cffd45751763a8fb236285f3a83a1deb8","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9e8178847ad36c35ad9336a001a369fc9226a2aa79177a278b6e75c693a55ace","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7e96e1f52d2597452b40f09ea95550f47f06f6f0a799bf60c1160c0a466e01c3","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/732cb68abe60783eca5a1a07f2b69c437b5b243fa729dfd6b3e3802b8c7d4f08","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fb2fdc01368d3b08637445bc94174b52ba7c20c8f2f2de59e86a5e1eff54aa56","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5c6f0aea89a239df83b6227780ca499a025d2e81b508d2b19c7847041f8a45ac","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/dfc676049c678eff79b4539a3379f1f6de2e83809c8b5141df7705b9a6820ecf","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/429f4a338cf4a6184f17f7432971a1e8fecd50aa893041d4d0ea9ba58ff0bc12"}}},"metadata":{"abstract_en":"This report provides a detailed analysis of the Government\u2019s second Supplementary Estimates for the 2023-24 fiscal year, which seeks Parliament\u2019s approval of $20.7 billion.","abstract_fr":"Le pr\u00e9sent rapport pr\u00e9sente une analyse d\u00e9taill\u00e9e du deuxi\u00e8me Budget suppl\u00e9mentaire des d\u00e9penses du gouvernement pour l\u2019exercice financier 2023-2024, dans lequel ce dernier demande au Parlement d\u2019approuver des d\u00e9penses de 20,7 milliards de dollars.","highlights":[{"content":{"en":"These Supplementary Estimates outline $24.6 billion in incremental spending. Parliament\u2019s approval is required for $20.7 billion.","fr":"Le pr\u00e9sent Budget suppl\u00e9mentaire des d\u00e9penses pr\u00e9sente des d\u00e9penses suppl\u00e9mentaires de 24,6 milliards de dollars. Le Parlement doit ainsi approuver des d\u00e9penses de l\u2019ordre de 20,7 milliards de dollars."}},{"content":{"en":"Roughly 11 per cent ($2.8 billion) of the proposed spending relates to money announced in Budget 2023.","fr":"Environ 11 pour cent (2,8 milliards de dollars) des d\u00e9penses propos\u00e9es se rapportent aux fonds annonc\u00e9s dans le budget de 2023."}},{"content":{"en":"Approximately 40 per cent ($10.0 billion) of the proposed spending relates to the Indigenous portfolio.","fr":"Environ 40 pour cent (10 milliards de dollars) des d\u00e9penses propos\u00e9es concernent le portefeuille des affaires autochtones."}},{"content":{"en":"Parliamentarians have four weeks from tabling to approve the Government\u2019s financial request.","fr":"Les parlementaires disposent de quatre semaines \u00e0 compter du d\u00e9p\u00f4t pour approuver la demande financi\u00e8re du gouvernement."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324021S,\n author={Giswold, Jill and Vanderwees, Kaitlyn},\n title={Supplementary Estimates (B) 2023-24},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324021S,\n author={Giswold, Jill and Vanderwees, Kaitlyn},\n title={Budget suppl\\\u0027{e}mentaire des d\\\u0027{e}penses (B) 2023-2024},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2324-019-S","is_published":"2023-11-16T13:57:06.000000Z","release_date":"2023-11-16T14:00:00.000000Z","updated_at":"2023-11-16T19:32:22.000000Z","type":"RP","internal_id":"RP-2324-019-S","title_en":"The Canada Disability Benefit: Model and Scenarios","title_fr":"La prestation canadienne pour les personnes handicap\u00e9es : mod\u00e8le et sc\u00e9narios","slug":"RP-2324-019-S--canada-disability-benefit-model-scenarios--prestation-canadienne-personnes-handicapees-modele-scenarios","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-019-S--canada-disability-benefit-model-scenarios--prestation-canadienne-personnes-handicapees-modele-scenarios","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-019-S--canada-disability-benefit-model-scenarios--prestation-canadienne-personnes-handicapees-modele-scenarios"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-019-S--canada-disability-benefit-model-scenarios--prestation-canadienne-personnes-handicapees-modele-scenarios","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-019-S--canada-disability-benefit-model-scenarios--prestation-canadienne-personnes-handicapees-modele-scenarios"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/cc0930a87cbe514f3939754dd7b28f97483325caccb8ff82b44362d6876f83a9"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/02e28bbb93ec89727877b0fe2fed00e59356bffd7495564061bf229e14b857e4"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fed3891bbe33b36dcca70caddc411639dd22dff2dc83613402b83651ad0de512","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cfcfcd977ca9f8ad42d7de14cf1e2aacf9c7c8efde018a54501944444eb3795d","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8f4669559058a6bcaabaf0db171507703a144af92509ae92453c91975c67ee12","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1b2ee66d51c3cd6b69a73153b802fede09fa95364ec5301d87cd9e9ed636d365","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fcd7aa70bf1941471c8e95e1010b44f27681040b58b0594d6381f99cd47130e7","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/504c673dbd036836b09d25acfc490720bccccbaf61d9ab66f62551d29bde0cf0","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/57037e32919c9ba2a9927c5c41233b6a3ed5e8f69552dfd80a52780489f682a8","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a75ae4e2b69c09b0321b21bf62d06e2b833ea1b697d13554b41f3cc5446033fd"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/47ca0281e101b670d2533027be93a7fb0c1cd5d3bc6f15fa90197919d078a0e2","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ea2aee18253872cdcb57611c026bece939b53c5c384b086347ce4eafa4c51e70","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/db982c65376f74a5d5f8300bb954642439b1ebdd757409dde4b8ec49d5afd56d","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b2675c003ba2c128d45b22da9b2d84f8e07a1b1e3346ede59296b87748470f58","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0881780c04bcdc52bfa8f4d0562cf18d4c0dfe7d657330b7318610cd74239392","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/175ac9792f60991ea22c76e8c1f513cc2061387ab090b4e24c3e7b1333aef49c","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/413b60847cf0a169f991b8b12b63df8c9e61b654f3e7d4d68a6387effcc3f3ff","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/30e8638d1a52334a05c63b69e8d390f11857d67ba4c413048f1dfc4e3329fc21"}}},"metadata":{"abstract_en":"This report presents the PBO\u2019s microsimulation model to estimate the cost of the Canada Disability Benefit. The model can accommodate many different design elements of the announced benefit. In addition, the report explores the cost of three hypothetical implementations of the Canada Disability Benefit.","abstract_fr":"Ce rapport pr\u00e9sente le mod\u00e8le de micro-simulation du DPB destin\u00e9 \u00e0 estimer le co\u00fbt de la prestation canadienne pour les personnes handicap\u00e9es. Le mod\u00e8le peut tenir compte de nombreux \u00e9l\u00e9ments de conception de la prestation annonc\u00e9e. De plus, le rapport examine le co\u00fbt de trois mises en \u0153uvre hypoth\u00e9tiques de la prestation canadienne pour les personnes handicap\u00e9es.","highlights":[{"content":{"en":"The PBO developed a microsimulation model to estimate the cost of the Canada Disability Benefit under different potential designs of the program.","fr":"Le DPB a \u00e9labor\u00e9 un mod\u00e8le de micro-simulation afin d\u2019estimer le co\u00fbt de la prestation canadienne pour les personnes handicap\u00e9es selon diff\u00e9rents mod\u00e8les possibles du programme."}},{"content":{"en":"In addition, this report examines three separate hypothetical scenarios for the benefit based on different assumptions of its design by varying five parameters: the maximum benefit amount, the claw back, whether beneficiaries can also receive the DTC, whether the benefit is taxable, and the eligibility criteria for the benefit.","fr":"Ce rapport examine pour la prestation trois sc\u00e9narios hypoth\u00e9tiques distincts reposant sur diff\u00e9rentes hypoth\u00e8ses de conception qui sont fonction de cinq param\u00e8tres, soit le montant maximal de la prestation, la r\u00e9cup\u00e9ration, le fait que les b\u00e9n\u00e9ficiaires re\u00e7oivent ou pas aussi le cr\u00e9dit d\u2019imp\u00f4t pour personnes handicap\u00e9es (CIPH) et que la prestation soit ou pas imposable, et les crit\u00e8res d\u2019admissibilit\u00e9 \u00e0 la prestation."}},{"content":{"en":"The findings in this report underscore that the government\u2019s choices regarding design elements can wield a substantial influence on both the program\u2019s cost and the number of individuals who stand to benefit from it.","fr":"Les conclusions du pr\u00e9sent rapport soulignent que les choix du gouvernement en ce qui concerne les \u00e9l\u00e9ments de conception peuvent beaucoup influer sur le co\u00fbt du programme et sur le nombre de personnes qui en b\u00e9n\u00e9ficieront."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324019S,\n author={Perrault, Louis and Vanderwees, Kaitlyn},\n title={The Canada Disability Benefit: Model and Scenarios},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324019S,\n author={Perrault, Louis and Vanderwees, Kaitlyn},\n title={La prestation canadienne pour les personnes handicap\\\u0027{e}es : mod\\`{e}le et sc\\\u0027{e}narios},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2324-017-S","is_published":"2023-10-13T12:57:11.000000Z","release_date":"2023-10-13T13:00:00.000000Z","updated_at":"2023-10-30T11:33:03.000000Z","type":"RP","internal_id":"RP-2324-017-S","title_en":"Economic and Fiscal Outlook \u2013 October 2023","title_fr":"Perspectives \u00e9conomiques et financi\u00e8res \u2013 octobre 2023","slug":"RP-2324-017-S--economic-fiscal-outlook-october-2023--perspectives-economiques-financieres-octobre-2023","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-017-S--economic-fiscal-outlook-october-2023--perspectives-economiques-financieres-octobre-2023","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-017-S--economic-fiscal-outlook-october-2023--perspectives-economiques-financieres-octobre-2023"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-017-S--economic-fiscal-outlook-october-2023--perspectives-economiques-financieres-octobre-2023","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-017-S--economic-fiscal-outlook-october-2023--perspectives-economiques-financieres-octobre-2023"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/48014b51a8f869dfb0ecc9163f1989c560c107cc3aa9d29a8dd1a40c0e73a664"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/5a2187bb6ed654597e45117677fde8a53b7c0a8077ae4a9b273c502021b0395c"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3f0ac070338e99c9e024fba6f51d4395126b1599787a710bc8fdbec59ca37a37","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8c91fc6b516a055baf6267c0abc49211144c48fc985888ece068f613b2cf319b","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/14b870179b375409a94eeffa2e0d61259656c7809717b46bdb6e7dad1a9f71a6","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/00ded9049717d36f0c90aff050bdddb50322d81c4bce1276b1a19629c18e74a1","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/44bead66a5730a843703164f455cee7a8c0996f290a82de984f88dbe04724229","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4b7d2bc161fbd66fc5a11fa51ed60e04d126d82106341b5825c86ca531bbb63e","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/638b944b8a5c42cd8fb34525cffa2f681b543c9d951bfcfa6dcccbad26fef0f7","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5bc367026e766c2206b92a261d23a5ae22f768e441ced0d482fc5d309df15ff1"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/56494b21089fb3dda05eddd3db11b01cf2f3b8501786202a860318fbce74fd30","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f500451f2c3b4caa34db934cbdc42353bdcba90ded1906ef5bd7a52df24950cd","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c90fe809718cb6febee32cb61f76eb4bcb4a25468ba7471d8b2deb403ce49e9a","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/989467e8f14bcb1bedc4dc28e0bfe87d655c6d0a931a131143a05955cc326be5","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/75a85c74ee28b7c3f6145b7083ae8c3c48a677ee28a6881ede7e45671bd90aea","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/39db98261619edf2a1ac49332ff049d6d76ca5c35e2050f9a592bb52b452def3","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d5b736fc0483291faa10877244e87eb2652a011436040ed8f56f8a2c3abe1eb2","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cf3e4baa03ffec0d871a79beeaf32e59e01ad11e59bf6f554a5b4652d706d271"}}},"metadata":{"abstract_en":"This report provides a baseline projection to help parliamentarians gauge potential economic and fiscal outcomes under current policy settings.","abstract_fr":"Le pr\u00e9sent rapport fournit une projection de r\u00e9f\u00e9rence pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et financiers possibles dans le cadre des politiques actuelles.","highlights":[{"content":{"en":"Following the contraction in real GDP in the second quarter, PBO projects the Canadian economy to stagnate in the second half of 2023. As the Bank of Canada maintains its restrictive monetary policy to restore price stability, we project that consumer spending will remain weak in the second half of this year and the first half of 2024.","fr":"Apr\u00e8s la contraction du produit int\u00e9rieur brut (PIB) r\u00e9el au deuxi\u00e8me trimestre, le DPB pr\u00e9voit que l\u2019\u00e9conomie canadienne stagnera au cours du deuxi\u00e8me semestre de l\u2019ann\u00e9e 2023. Alors que la Banque du Canada maintient sa politique mon\u00e9taire restrictive afin de r\u00e9tablir la stabilit\u00e9 des prix, nous pr\u00e9voyons que les d\u00e9penses de consommation demeureront faibles au cours du deuxi\u00e8me semestre de cette ann\u00e9e et de la premi\u00e8re moiti\u00e9 de l\u2019ann\u00e9e 2024."}},{"content":{"en":"PBO expects the Bank of Canada to hold the policy interest rate at 5 per cent through the first quarter of 2024. With CPI inflation on track to return to its 2 per cent target, we then expect the Bank to start lowering its policy rate in April 2024.","fr":"Le DPB s\u2019attend \u00e0 ce que la Banque du Canada maintienne le taux directeur \u00e0 5 % jusqu\u2019au premier trimestre de 2024. L\u2019inflation de l\u2019IPC \u00e9tant en bonne voie de revenir \u00e0 sa cible de 2 %, nous pr\u00e9voyons que la Banque commencera \u00e0 abaisser son taux directeur en avril 2024."}},{"content":{"en":"For the current fiscal year, 2023-24, PBO projects the budgetary deficit to rise to $46.5 billion (1.6 per cent of GDP). Assuming no new measures are introduced, and existing temporary measures sunset as scheduled, the budgetary deficit is projected to resume its downward trajectory, falling to $8.2 billion (0.2 per cent of GDP) in 2028-29.","fr":"Pour l\u2019exercice financier en cours, soit 2023-2024, le DPB pr\u00e9voit que le d\u00e9ficit budg\u00e9taire atteindra 46,5 milliards de dollars (1,6 % du PIB). En supposant qu\u2019aucune nouvelle mesure ne soit prise et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le d\u00e9ficit budg\u00e9taire devrait revenir sur sa trajectoire descendante et passer \u00e0 8,2 milliards de dollars (0,2 % du PIB) en 2028-2029."}},{"content":{"en":"PBO projects the federal debt-to-GDP ratio to rise to 42.6 per cent in 2023 24. Assuming no new measures and existing temporary measures sunset as scheduled, the federal debt ratio is projected to fall to 37.8 per cent in 2028-29 but remain above its pre-pandemic level of 31.2 per cent of GDP in 2019-20.","fr":"Le DPB pr\u00e9voit une augmentation du ratio de la dette f\u00e9d\u00e9rale au PIB de 42,6 % en 2023-2024. En supposant qu\u2019aucune nouvelle mesure ne soit prise et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le ratio de la dette f\u00e9d\u00e9rale devrait atteindre 37,8 % en 2028 2029, mais rester sup\u00e9rieur \u00e0 son niveau d\u2019avant la pand\u00e9mie, qui \u00e9tait de 31,2 % du PIB en 2019 2020."}},{"content":{"en":"PBO projects the debt service ratio (that is, public debt charges relative to tax revenues) under status quo policy will peak at 12.0 per cent in 2023-24 and then decline gradually to 11.0 per cent in 2028-29\u2014well above its pre-pandemic low of 8.3 per cent in 2018-19.","fr":"Le DPB projette que le ratio du service de la dette (c\u2019est-\u00e0-dire les charges de la dette publique par rapport aux recettes fiscales), selon une politique de statu quo, culminera \u00e0 12,0 % en 2023 2024, puis diminuera progressivement pour s\u2019\u00e9tablir \u00e0 11,0 % en 2028 2029, soit bien au-dessus de son niveau le plus bas enregistr\u00e9 avant la pand\u00e9mie, \u00e0 savoir 8,3 % en 2018 2019."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324017S,\n author={Ammar, Nasreddine and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Nahornick, Nora and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Economic and Fiscal Outlook - October 2023},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324017S,\n author={Ammar, Nasreddine and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Nahornick, Nora and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res - octobre 2023},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2324-006-S","is_published":"2023-05-30T12:57:04.000000Z","release_date":"2023-05-30T13:00:00.000000Z","updated_at":"2023-05-30T12:57:04.000000Z","type":"RP","internal_id":"RP-2324-006-S","title_en":"Supplementary Estimates (A) 2023-24","title_fr":"Budget suppl\u00e9mentaire des d\u00e9penses (A) 2023-2024","slug":"RP-2324-006-S--supplementary-estimates-2023-24--budget-supplementaire-depenses-2023-2024","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-006-S--supplementary-estimates-2023-24--budget-supplementaire-depenses-2023-2024","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-006-S--supplementary-estimates-2023-24--budget-supplementaire-depenses-2023-2024"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-006-S--supplementary-estimates-2023-24--budget-supplementaire-depenses-2023-2024","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-006-S--supplementary-estimates-2023-24--budget-supplementaire-depenses-2023-2024"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/fee917a2ac38aa34d775d002e9c8ed39ad9749faecff928428fd6327269014a6"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/062c26556b346276e444422ac8a538a8663ef51c817f1174aea831c33be83cbe"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ac3ee12ff90ba0b5e468927cb37d7e7f1cc2c95d5cef94d10fd16f66c015eac3","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e9228c12ff5393309d6fc46d2e09ebe52da7f54526f6fd2e2797926563b3f769","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d7fc89fb465377c8e809023f80b9a8e2a043e631bea4e4b46a9ece16e494396e","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/91cfb592b0f8e0e2b07a6235eea56b4b4c425e4d89e5a7a643d6960ee2b77928","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a4c209626d720848fb8141774e7e62f7e98e3cb1e9800cd90216e7a70963e3af","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3854c1e81b50bf9b8deeb7a40853ec79caa34fbb270b71537ebab97056109268","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2f84d9be865d4e2dc05ea5d4bd7c5422e7f7b3e3bd4ed7c1ba07ce901458006b","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9ba77dedecf74faeefce7116f1f80aa09022c325ffcd5ee3d1de79401f9c96da"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/97a59b2e896ce535aa64c180fd2f3afee695f9bdcccb0aa0a78614e7711566b8","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/641d736233a0981b7da1979fa7d1d5c4425035332ffbcdd9ecf1c916f1012a5b","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c1b5a1b502c5e3118b398a75b74ec3c8ef3c0e46f72974bf7e4d0261230d0e36","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3d02fdf208d58ecb805208cc917f8bfb85200fa21a95018fb5fcb76cfa688475","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0df1de98487ff055e7e83dbff7a0553fc8aeaf6b14829ebcf27b91e9addcad86","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4bc8c7df34072aca1bee2cb578234bb027fbda5793f61d1bcc11704e33fa535f","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/158efe435647e9b9817ac98a0dffe13b22d9892d6faf7ca5476241e75dfe0ef9","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6d0d655c1f8c39f2ae8edfadb82bd18ef15b8a476e266069145202e576f24f5b"}}},"metadata":{"abstract_en":"This report provides a detailed analysis of the Government\u2019s first Supplementary Estimates for the 2023-24 fiscal year, which seeks Parliament\u2019s approval of $20.5 billion.","abstract_fr":"Ce rapport fournit une analyse d\u00e9taill\u00e9e du premier budget suppl\u00e9mentaire des d\u00e9penses du gouvernement pour l\u2019exercice 2023-2024, dans lequel le gouvernement demande au Parlement d\u2019approuver des d\u00e9penses de 20,5 milliards de dollars.","highlights":[{"content":{"en":"These Supplementary Estimates outline $21.9 billion in incremental spending. Parliament\u2019s approval is required for $20.5 billion.","fr":"Le pr\u00e9sent budget suppl\u00e9mentaire des d\u00e9penses pr\u00e9voit des d\u00e9penses additionnelles de 21,9 milliards de dollars. L\u2019approbation du Parlement est requise pour 20,5 milliards de dollars."}},{"content":{"en":"Roughly a fifth ($4.4 billion) of the proposed spending in these Estimates relates to money announced in Budget 2023.","fr":"Environ le cinqui\u00e8me (4,4 milliards de dollars) des d\u00e9penses pr\u00e9sent\u00e9es dans le pr\u00e9sent budget concernent des fonds annonc\u00e9s dans le budget de 2023."}},{"content":{"en":"More than half of the proposed spending (roughly $13 billion) relates to the implementation of Indigenous settlement agreements.","fr":"Plus de la moiti\u00e9 des d\u00e9penses pr\u00e9sent\u00e9es (environ 13 milliards de dollars) concernent la mise en \u0153uvre des ententes de r\u00e8glement avec les Autochtones."}},{"content":{"en":"Parliamentarians have four weeks to approve the Government\u2019s financial request.","fr":"Les parlementaires ont quatre semaines pour approuver la demande financi\u00e8re du gouvernement."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324006S,\n author={Giswold, Jill and Vanderwees, Kaitlyn},\n title={Supplementary Estimates (A) 2023-24},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324006S,\n author={Giswold, Jill and Vanderwees, Kaitlyn},\n title={Budget suppl\\\u0027{e}mentaire des d\\\u0027{e}penses (A) 2023-2024},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2324-003-S","is_published":"2023-04-13T12:57:12.000000Z","release_date":"2023-04-13T13:00:00.000000Z","updated_at":"2023-04-13T12:57:12.000000Z","type":"RP","internal_id":"RP-2324-003-S","title_en":"Budget 2023: Issues for Parliamentarians","title_fr":"Budget de 2023 : enjeux pour les parlementaires","slug":"RP-2324-003-S--budget-2023-issues-parliamentarians--budget-2023-enjeux-parlementaires","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-003-S--budget-2023-issues-parliamentarians--budget-2023-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-003-S--budget-2023-issues-parliamentarians--budget-2023-enjeux-parlementaires"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-003-S--budget-2023-issues-parliamentarians--budget-2023-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-003-S--budget-2023-issues-parliamentarians--budget-2023-enjeux-parlementaires"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/4a78f72c6cb9609c09e7b63219b02678e2beff8fa41e193d6a192ddaa072f4f2"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/18ae116bb654488ee1f5e4d9c25872795b773e4014cd5c5ab8513f3414933977"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/af7fea5b2b9f241d661fef64f7d242112e146fd9d5a44319ad1fb69779255cea","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0897c69ecd814ad62eb6f018936dd71f8b442d7d83147a07acf0f10f3037203a","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c652c54eda42d73ce47934e6caaa0538c9fde0d96f824b216e58e750c7e9d703","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b78468895e494911f718d02420a28d5246be02e2dc49500185bf18fd251957d3","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/01de21880abf7f5ae63f6be5fe20b7d43de3edb419af5c309e7c2803e849df8f","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3c42907f5b66bd793bf1228dfa81cb25208745711eb1811c66839052c235e06c","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4f42d4c00e5ad0cfddf2e2140f084f0afe5479ea22062ba6ef559b8a4ea35982","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a60d6dd5fda15b990bf8a3308fbbf2fa6df3ebbe4c42eac384fc897b8cb090e0"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/331517ab0fcbd157a6b02c74a7efd2b7229ae5c481838dbe37bbc2ae0f7aef24","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2733e2182615205c9af7542aae904a32a089fabc964a6e3da59f5a29d8884885","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/bf3f2d0edf015570ad144354ddfdf3a15ccb64de6b08620299216a4aeb673816","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/aa0414186e1c0e440ce1cd8970ec3e5502ecd9c459e941160b6b40cfcebc2c92","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e5e25050a8725f2b8fbd2f965135f531137bebe046c7242cbe4a1dc150f6fb4f","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6c062f13711e71b296ead08e6de0262db99a9e1f74835cba95a6ec37ca5f9323","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/822fb649ea93ec6cc2a655d91cdae5c3360d9b14ee0fa051c850ab8c51233744","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ea9a3b2c04a09d747ae71cea5a2e04a5047301168fac470a541701936f660d84"}}},"metadata":{"abstract_en":"To assist parliamentarians in their budgetary deliberations, this report highlights key issues arising from Budget 2023.","abstract_fr":"Le pr\u00e9sent rapport fait ressortir les faits saillants du budget de 2023 pour aider les parlementaires dans leurs d\u00e9lib\u00e9rations budg\u00e9taires.","highlights":[{"content":{"en":"Revisions to the private sector economic outlook and fiscal developments in Budget 2023 lower the outlook for the budgetary balance by $26.1 billion (or $4.4 billion per year, on average) over 2022-23 to 2027-28 relative to the 2022 Fall Economic Statement.","fr":"Les r\u00e9visions apport\u00e9es aux perspectives \u00e9conomiques du secteur priv\u00e9 et l\u2019\u00e9volution de la situation financi\u00e8re dans le budget de 2023 donnent lieu \u00e0 des perspectives inf\u00e9rieures pour le solde budg\u00e9taire de 26,1 milliards de dollars (ou 4,4 milliards de dollars par ann\u00e9e, en moyenne) de 2022-2023 \u00e0 2027-2028 par rapport \u00e0 l\u2019EEA de 2022."}},{"content":{"en":"The Government announced $69.7 billion in new spending (measured on a gross basis) that was partially offset by $14.0 billion in revenue-raising measures and by $12.8 billion in spending restraint measures. On a net basis, new measures further reduce the budgetary balance by $42.9 billion (or $7.2 billion per year, on average) over 2022-23 to 2027-28.","fr":"Le gouvernement a annonc\u00e9 de nouvelles d\u00e9penses de l\u2019ordre de 69,7 milliards de dollars (mesur\u00e9es sur une base brute), qui sont en partie contrebalanc\u00e9es par des mesures d\u2019augmentation des recettes de 14,0 milliards de dollars et des mesures de r\u00e9duction des d\u00e9penses de 12,8 milliards de dollars. Sur une base nette, les nouvelles mesures r\u00e9duisent le solde budg\u00e9taire de 42,9 milliards de dollars (ou 7,2 milliards de dollars par ann\u00e9e en moyenne) de 2022-2023 \u00e0 2027-2028."}},{"content":{"en":"Budget 2023 does not provide an assessment of program effectiveness that the Government launched in Budget 2022 under Stream 1 of its comprehensive Strategic Policy Review.","fr":"Le budget de 2023 ne pr\u00e9sente aucune \u00e9valuation de l\u2019efficacit\u00e9 des programmes que le gouvernement a lanc\u00e9e dans le budget de 2022 dans le cadre du volet 1 de son examen exhaustif des politiques strat\u00e9giques."}},{"content":{"en":"Aside from proposing to reduce spending on consulting, other professional services and travel, Budget 2023 does not identify opportunities to save and reallocate resources \u201cto adapt government programs and operations to a new post-pandemic reality\u201d under Stream 2 of the comprehensive Strategic Policy Review launched in Budget 2022.","fr":"Outre le fait de proposer de r\u00e9duire les d\u00e9penses en services de consultation, en services professionnels et en d\u00e9placements, le budget de 2023 ne d\u00e9termine pas de possibilit\u00e9 d\u2019\u00e9conomiser et de r\u00e9affecter les ressources \u00ab de fa\u00e7on \u00e0 adapter les activit\u00e9s et les programmes gouvernementaux \u00e0 la nouvelle r\u00e9alit\u00e9 post-pand\u00e9mique \u00bb sous le volet 2 de l\u2019examen exhaustif des politiques strat\u00e9giques lanc\u00e9 dans le budget de 2022."}},{"content":{"en":"In Budget 2023, the Government identified $798 million\u2014on a net basis\u2014in new \u201cnon-announced\u201d measures over 2022-23 to 2027-28. In absolute terms, this represents over $12 billion in either revenue or spending decisions for which there are no specific details.","fr":"Dans le budget de 2023, le gouvernement a cern\u00e9 de nouvelles mesures \u00ab non annonc\u00e9es \u00bb de 798 millions de dollars, sur une base nette, de 2022-2023 \u00e0 2027-2028. En valeur absolue, il s\u2019agit de d\u00e9cisions relatives aux recettes ou aux d\u00e9penses de plus de 12 milliards de dollars sur lesquelles aucun d\u00e9tail pr\u00e9cis n\u2019est donn\u00e9."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324003S,\n author={Behrend, Robert and Giswold, Jill and Nahornick, Nora and Nicol, Caroline and Vanderwees, Kaitlyn},\n title={Budget 2023: Issues for Parliamentarians},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324003S,\n author={Behrend, Robert and Giswold, Jill and Nahornick, Nora and Nicol, Caroline and Vanderwees, Kaitlyn},\n title={Budget de 2023 : enjeux pour les parlementaires},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-027-S","is_published":"2023-03-03T13:57:06.000000Z","release_date":"2023-03-03T14:00:00.000000Z","updated_at":"2023-03-03T15:55:00.000000Z","type":"RP","internal_id":"RP-2223-027-S","title_en":"The Government\u2019s Expenditure Plan and Main Estimates for 2023-24","title_fr":"Le Plan des d\u00e9penses du gouvernement et le Budget principal des d\u00e9penses pour 2023-2024","slug":"RP-2223-027-S--government-expenditure-plan-main-estimates-2023-24--plan-depenses-gouvernement-budget-principal-depenses-2023-2024","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-027-S--government-expenditure-plan-main-estimates-2023-24--plan-depenses-gouvernement-budget-principal-depenses-2023-2024","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-027-S--government-expenditure-plan-main-estimates-2023-24--plan-depenses-gouvernement-budget-principal-depenses-2023-2024"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-027-S--government-expenditure-plan-main-estimates-2023-24--plan-depenses-gouvernement-budget-principal-depenses-2023-2024","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-027-S--government-expenditure-plan-main-estimates-2023-24--plan-depenses-gouvernement-budget-principal-depenses-2023-2024"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/bebf87487d1ff5ca83cf40817fc2a4d8f18632d0c9ba4e3e68e951fc41990f29"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/aa008c9c9ebb643f25464d4e4e1e223bec218d5e6bdb267ccf27b92636981dc2"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6fbd48b7b166f6b955be91389c2b94fe85a60406059d0e91aa580582071ec530","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d2e8a45a63ffde042c019b517618734f62e073bb134db99929a6bb2a37aa1602","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7dc338679581830fd8d931ebeab7732c6a31955934354faadce5431a61b1f369","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6acba0c742eb127ba85e4730c095d1ef47a78fefeb47945348561205e9097a2a","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/db4fc4896beda49ce342ddd512e0cf71f2d91ca2caa63423b1f5b76175f387ce","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d12a4658f20549e4a47736c85a004992cd18e3b71f16cf407a9081e86b3e224f","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4b572380d8a2fcb2a844ca805d89e7cdff4f9a5d70e54e256945d435b8e6e0cf","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5237fe4faf3683615312b298f99e222fb359fb3ea8068ca92155bff765ddf67e"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0c000e2abada64bad852333efc038cc804b590be17017ee495bac7c7dc983ad6","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ada3aaeb7622882a800ad6972d6778e0e1bb47937ee4bd2cbeb5ef321ca93d27","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6dce92716c67bb6cb8a3360bd3b0aa6307c09768357300595c3ec7ad43173436","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/813d76ffddd0dcdc58b680071ffbeed6b5d1985b7b5c9236f7f46c6098c4051b","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/528294f5195f40ef0ee286f69a625697a8cef7dc6de61ec4adfc4dabb98af07a","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5f2ec63661bc557e699c5171a305329b37bf7472acf668376a12b8696673c415","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/02451319b0a7a04055cd7b19768c8f57afcabca6bdef19bbebb82ffeb3c4b82a","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/36344d198a7b1cec699a8a85ef8c3b37fe823d02641a04cf4d2145819bf4e471"}}},"metadata":{"abstract_en":"This report examines the federal government\u2019s Expenditure Plan and Main Estimates for 2023-24, which supports the first two appropriation bills that outline $432.9 billion in planned spending. Parliament\u2019s approval is required for $198.2 billion.","abstract_fr":"Le pr\u00e9sent rapport porte sur le plan des d\u00e9penses du gouvernement et le Budget principal des d\u00e9penses pour 2023-2024, qui appuie les deux premiers projets de loi de cr\u00e9dits, lesquels pr\u00e9voient des d\u00e9penses de 432,9 milliards de dollars. Des d\u00e9penses de 198,2 milliards de dollars doivent \u00eatre approuv\u00e9es par le Parlement.","highlights":[{"content":{"en":"The Main Estimates are enacted through the first two appropriation bills of the fiscal year, which needs Parliament\u2019s approval for $198 billion. Parliament has already provided legislative authority for most of the planned spending ($235 billion).","fr":"Le budget principal des d\u00e9penses est mis en oeuvre par l\u2019adoption des deux premiers projets de loi de cr\u00e9dits de l\u2019exercice, \u00e0 l\u2019\u00e9gard desquels le Parlement doit approuver des fonds de 198 milliards de dollars. Le Parlement a d\u00e9j\u00e0 accord\u00e9 l\u2019autorisation l\u00e9gislative pour la plupart des d\u00e9penses pr\u00e9vues (235 milliards de dollars)."}},{"content":{"en":"About one in every six dollars will be spent on elderly benefits and one in every nine dollars on healthcare.","fr":"Environ un dollar sur six sera affect\u00e9 aux prestations aux a\u00een\u00e9s et un dollar sur neuf aux soins de sant\u00e9."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223027S,\n author={Vanderwees, Kaitlyn},\n title={The Government\u2019s Expenditure Plan and Main Estimates for 2023-24},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223027S,\n author={Vanderwees, Kaitlyn},\n title={Le Plan des d\\\u0027{e}penses du gouvernement et le Budget principal des d\\\u0027{e}penses pour 2023-2024},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-025-S","is_published":"2023-03-02T13:57:04.000000Z","release_date":"2023-03-02T14:00:00.000000Z","updated_at":"2023-03-02T13:57:04.000000Z","type":"RP","internal_id":"RP-2223-025-S","title_en":"Economic and Fiscal Outlook \u2014 March 2023","title_fr":"Perspectives \u00e9conomiques et financi\u00e8res \u2014 Mars 2023","slug":"RP-2223-025-S--economic-fiscal-outlook-march-2023--perspectives-economiques-financieres-mars-2023","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-025-S--economic-fiscal-outlook-march-2023--perspectives-economiques-financieres-mars-2023","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-025-S--economic-fiscal-outlook-march-2023--perspectives-economiques-financieres-mars-2023"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-025-S--economic-fiscal-outlook-march-2023--perspectives-economiques-financieres-mars-2023","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-025-S--economic-fiscal-outlook-march-2023--perspectives-economiques-financieres-mars-2023"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/b91ed5d0fe5c8c8cbd7f4267be3aea5259b91fe8f6f48431bc565b2e280771cf"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/d712dda84b04c6449721fb3f4cb6b75abbbeee3d478b3ec9a3da6d1493a2ea40"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/89a6bae7810083bf1412af79096a587a43828ccda79d196c5b1861ca8327a1f7","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8bfd3dfc68c618671e3d50e1a9643091de164fa07d75e7053045f36dba5c1d07","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a2ea4aa1f1288a4ae5b1e4eb87efdb2a2580ecfdded631eeee1029810e0b55e5","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f0dfa56cfbb35df9706fae0f992ff8bbf4db9c896b118cb7ac8bd58e46b8d911","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e952dbe60316dd3f1dba81e0bcf583f50e55cd2d03c9e23bf1a35e8961c29297","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fa1727a263a3f7cf130e37ae86303c6c1b6d64517ce4c686dbff9c225c81226b","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4c747d4fc97d53b61e8645d4548e58344c96b177ca4e8296e8e41c27923470dd","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d7f5034323f7d43dfc6612441f1f47d065ef6d4cc474ee6852470619163b6444"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/06b0bd214b776391e2f7933ab4ea62150223671502b22216b4ffeed322039308","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ae2d39c7bd531e0cd1cb56f77b68b0b71f4b40e2bac8da0c38c70a4421db3525","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e4c9739dc952f334f1ea353fc6909ee91550e415b0cb8352180bb75715cc19e2","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/47e2c3a6b39e5a38ff80ff5f9cd929bce1d2815d5c281c57c6b07afb1e025d96","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/09b9a1feb4ff88bc26fa95ed07dcf1a37a0d2f1454fe55b6710e81d7702e16b4","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/877b35d507633ecc898443bb72f9df983cb9e02fde7faa20088a56f7c98b61a8","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e0573bfbb576baa6bf96d81618ddee7aa4be2b68cff4b65b7b1ce2900a0bbf88","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/80485e6ad949ae3a7ceaef99875bb88d9746759e6ed5680e2b50d37e1e090068"}}},"metadata":{"abstract_en":"This report provides a baseline projection to help parliamentarians gauge potential economic and fiscal outcomes under current policy settings.","abstract_fr":"Ce rapport pr\u00e9sente une projection de r\u00e9f\u00e9rence pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et financiers possibles dans le cadre des politiques actuelles.","highlights":[{"content":{"en":"Following a stronger-than-expected performance in the second half of 2022, PBO projects the Canadian economy to stagnate through 2023. As the tightening of monetary policy takes hold, we expect a further decline in residential investment and weakness in consumer spending in the first half of this year.","fr":"Apr\u00e8s que l\u2019\u00e9conomie canadienne ait affich\u00e9 une performance plus \u00e9lev\u00e9e que pr\u00e9vu lors du deuxi\u00e8me semestre de 2022, le directeur parlementaire du budget (DPB) s\u2019attend \u00e0 ce qu\u2019elle stagne jusqu\u2019en 2023. \u00c0 mesure que le resserrement de la politique mon\u00e9taire se concr\u00e9tise, nous pr\u00e9voyons de nouvelle baisse de l\u2019investissement r\u00e9sidentiel et une faiblesse des d\u00e9penses de consommation au cours de la premi\u00e8re moiti\u00e9 de l\u2019ann\u00e9e."}},{"content":{"en":"PBO expects the Bank of Canada to maintain its \u201cpause\u201d, holding the policy interest rate at 4.5 per cent, through December of this year. With CPI inflation solidly on track to return to its 2 per cent target, we then expect the Bank to start lowering its policy rate in January 2024, returning the rate to its estimated neutral level of 2.5 per cent in December 2024.","fr":"Le DPB s\u2019attend \u00e0 ce que la Banque du Canada observe sa \u00ab\u2009pause\u2009\u00bb, en maintenant le taux directeur \u00e0 4,5 % jusqu\u2019\u00e0 la fin du mois de d\u00e9cembre de cette ann\u00e9e. Puisque l\u2019inflation de l\u2019indice des prix \u00e0 la consommation (IPC) est en voie de revenir \u00e0 sa cible de 2 %, nous pr\u00e9voyons que la Banque commencera \u00e0 r\u00e9duire son taux directeur en janvier 2024, puis le ram\u00e8nera \u00e0 son niveau neutre estim\u00e9 de 2,5 % en d\u00e9cembre 2024."}},{"content":{"en":"For the current fiscal year, 2022-23, PBO projects the budgetary deficit to be $36.5 billion (1.3 per cent of GDP) under status quo policy. Assuming no new measures and existing temporary measures sunset as scheduled, the deficit is projected to increase to $43.1 billion (1.5 per cent of GDP) in 2023-24 before resuming its downward trajectory, falling to $8.7 billion (0.3 per cent of GDP) in 2027-28.","fr":"Pour l\u2019exercice en cours de 2022-2023, le DPB pr\u00e9voit un d\u00e9ficit budg\u00e9taire de 36,5 milliards de dollars (1,3 % du PIB) selon une politique de statu quo. En supposant qu\u2019il n\u2019y ait pas de nouvelles mesures et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le d\u00e9ficit devrait augmenter \u00e0 43,1 milliards de dollars (1,5 % du PIB) en 2023-2024 avant de reprendre sa trajectoire descendante, chutant \u00e0 8,7 milliards de dollars (0,3 % du PIB) en 2027-2028."}},{"content":{"en":"Under status quo policy, PBO projects the federal debt-to-GDP ratio to decline to 41.8 per cent in 2022-23 and then to temporarily rise to 42.2 per cent in 2023-24. Assuming no new measures and existing temporary measures sunset as scheduled, the federal debt ratio is projected to fall to 38.1 per cent in 2027-28 but remain above its pre-pandemic level of 31.2 per cent of GDP in 2019-20.","fr":"Selon une politique de statu quo, le DPB pr\u00e9voit que le ratio de la dette f\u00e9d\u00e9rale au PIB diminuera \u00e0 41,8 % en 2022-2023, puis qu\u2019il remontera temporairement \u00e0 42,2 % en 2023-2024. En supposant qu\u2019aucune nouvelle mesure ne soit prise et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le ratio de la dette f\u00e9d\u00e9rale devrait diminuer \u00e0 38,1 % en 2027-2028. Cependant, il devrait rester sup\u00e9rieur \u00e0 son niveau pr\u00e9-pand\u00e9mique, qui \u00e9tait de 31,2 % du PIB en 2019-2020."}},{"content":{"en":"PBO projects the debt service ratio (that is, public debt charges relative to tax revenues) under status quo policy will peak at 11.5 per cent in 2023-24 and then decline gradually to 10.3 per cent in 2027-28\u2014two percentage points above its pre-pandemic low of 8.3 per cent in 2018 19.","fr":"Le DPB projette que le ratio du service de la dette (c\u2019est-\u00e0-dire les charges de la dette publique par rapport aux recettes fiscales) culminera \u00e0 11,5 % en 2023-2024 selon une politique de statu quo. Ensuite, il diminuera progressivement pour s\u2019\u00e9tablir \u00e0 10,3 % en 2027-2028, soit deux points de pourcentage de plus que le niveau le plus bas enregistr\u00e9 avant la pand\u00e9mie, \u00e0 savoir 8,3 % en 2018 2019."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223025S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Ammar, Nasreddine and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Economic and Fiscal Outlook \\textemdash March 2023},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223025S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Ammar, Nasreddine and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res \\textemdash Mars 2023},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

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{"id":"LEG-2223-022-S","is_published":"2022-11-28T13:57:05.000000Z","release_date":"2022-11-28T14:00:00.000000Z","updated_at":"2023-02-07T21:13:49.000000Z","type":"LEG","internal_id":"LEG-2223-022-S","title_en":"Eliminating Interest on Federal Student and Apprentice Loans","title_fr":"\u00c9limination des int\u00e9r\u00eats sur les pr\u00eats f\u00e9d\u00e9raux consentis aux \u00e9tudiants et aux apprentis","slug":"LEG-2223-022-S--eliminating-interest-federal-student-apprentice-loans--elimination-interets-prets-federaux-consentis-etudiants-apprentis","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-022-S--eliminating-interest-federal-student-apprentice-loans--elimination-interets-prets-federaux-consentis-etudiants-apprentis","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-022-S--eliminating-interest-federal-student-apprentice-loans--elimination-interets-prets-federaux-consentis-etudiants-apprentis"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-022-S--eliminating-interest-federal-student-apprentice-loans--elimination-interets-prets-federaux-consentis-etudiants-apprentis","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-022-S--eliminating-interest-federal-student-apprentice-loans--elimination-interets-prets-federaux-consentis-etudiants-apprentis"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/3ccc71f346d01a97dcf72ad5aaf4e33bc3da4a200ca9ee1753cf6d6ea313f658"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/b6ae7a6d5c16192639e931eda66c5bf3c2c02ae3fd7fadd684c48ab72c782851"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8ef3fd012f641c8f6742f9ab3d923abc4588f8bef3883f2ce85cceadb4bcdd42","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b5e7b8ec86dcc915659c06a2043256d2cdfa7c3c7b4f306f81ae5273550e8394","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c7fba9b58748681bc44bc9a1bf197f62e1ae3e86213d965e43ba2f59d9ac0a0b","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b7b522927b344a7016872eab839949397330b479532c5e27587f7ab13d2c839e","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fe81662000d265f4c40da75fe4b3fb625a8e48f4bcdc4d38eda18ea211eff3fe","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/272fcef7d8937d74ca2bda5b6bf915a5b737074cc4325a56f3200384cc5e9c55","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d9aa9ba9825ea0fa56cf683adf5ff55b87f1991f8c35f4f459b36b65e2727bbc","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a71b64a6563864e62839f0d3ca6b0c9521b3121b0b1da695b986eaf9baffc6ca"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/594c9f81cb9566d88d723fa080b036df287be79f9d5395fdcf6967a1cd45e2f7","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3849c7c8ab77d1b1d0737ba56a502dfb18d0ba418f49f5684a86d1099125f6fd","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1d807195097520fb437990b4b37d147b7c17c5bef9e723a8d8882c694b338e27","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e03dce58ac72aec9ddeb33a2c5c965bb3a0061029d3ab03ac430e14ace3f99c5","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/63068ee4e3c28b62826474c5fee6f484558defe3196b498c1b8cf0edbe12b419","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/591c3e40ce7b9206bf186fd00b820ff186fb0561fad01552f15d3b959d8b29dc","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8fa96e3881abeed942057b37d181f7970923c4b8b869474125a2b9f33dfde7f9","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2380727f393a234a4f762d5fb1f7516e433b481669a6e8af904cfc396604da5a"}}},"metadata":{"abstract_en":"Eliminating interest accruing on all current and future Canada Student Loans and Canada Apprentice Loans in repayment starting April 1, 2023. This will not affect interest previously accrued.\n\nThe PBO estimates eliminating interest accruing on Canada Student Loans and Canada Apprentice Loans will generate a 5-year total cost of $2.7 billion.","abstract_fr":"\u00c9limination des int\u00e9r\u00eats courus sur tous les pr\u00eats d\u2019\u00e9tudes canadiens et pr\u00eats canadiens aux apprentis actuels et futurs en cours de remboursement \u00e0 compter du 1er avril 2023. Cette mesure n\u2019aura aucune incidence sur les int\u00e9r\u00eats courus ant\u00e9rieurement.\n\nLe DPB estime que l\u2019\u00e9limination des int\u00e9r\u00eats courus sur les pr\u00eats d\u2019\u00e9tudes canadiens et les pr\u00eats canadiens aux apprentis co\u00fbtera au total 2,7 milliards de dollars sur cinq ans.","highlights":[]},"bills":[{"id":403,"created_at":"2022-11-04T14:00:12-04:00","updated_at":"2023-02-07T16:19:20-05:00","legisid":"44_1_C-32","parliament":44,"session":1,"prefix":"C","number":32,"title_en":"An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 3, 2022 and certain provisions of the budget tabled in Parliament on April 7, 2022","title_fr":"Loi portant ex\u00e9cution de certaines dispositions de l\u0027\u00e9nonc\u00e9 \u00e9conomique de l\u0027automne d\u00e9pos\u00e9 au Parlement le 3 novembre 2022 et de certaines dispositions du budget d\u00e9pos\u00e9 au Parlement le 7 avril 2022","bill_num":"C-32","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/bills--projets-de-loi\/44-1\/C-32","legisinfo":"https:\/\/www.parl.ca\/legisinfo\/en\/bill\/44-1\/c-32"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/bills--projets-de-loi\/44-1\/C-32","legisinfo":"https:\/\/www.parl.ca\/LegisInfo\/fr\/projet-de-loi\/44-1\/c-32"}},"pivot":{"publication_id":722,"bill_id":403}}],"bibtex":{"en":"@techreport{PBO-LEG2223022S,\n author={Behrend, Robert and Vanderwees, Kaitlyn},\n title={Eliminating Interest on Federal Student and Apprentice Loans},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2223022S,\n author={Behrend, Robert and Vanderwees, Kaitlyn},\n title={\\\u0027{E}limination des int\\\u0027{e}r\\^{e}ts sur les pr\\^{e}ts f\\\u0027{e}d\\\u0027{e}raux consentis aux \\\u0027{e}tudiants et aux apprentis},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

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Parliament\u2019s approval is required for $20.8 billion.","abstract_fr":"Ce rapport pr\u00e9sente une analyse d\u00e9taill\u00e9e du deuxi\u00e8me budget suppl\u00e9mentaire des d\u00e9penses du gouvernement pour l\u2019exercice 2022-2023, qui pr\u00e9voit de nouvelles d\u00e9penses d\u2019un montant de 25,8 milliards de dollars. De cette somme, des cr\u00e9dits de 20,8 milliards de dollars doivent \u00eatre approuv\u00e9s par le Parlement.","highlights":[{"content":{"en":"These Supplementary Estimates outline $25.8 billion in new spending.","fr":"Ce budget suppl\u00e9mentaire pr\u00e9voit de nouvelles d\u00e9penses d\u2019un montant de 25,8 milliards de dollars."}},{"content":{"en":"About a third of the funding in these estimates relates to money announced in Budget 2022.","fr":"Environ le tiers des cr\u00e9dits inscrits dans ce budget des d\u00e9penses \u00e9tait annonc\u00e9 dans le budget f\u00e9d\u00e9ral de 2022."}},{"content":{"en":"The balance pertains to other new policy measures that the Government identified outside of its standard financial cycle (that is, the Budget or Fall Economic Statement).","fr":"Le solde se rapporte \u00e0 d\u2019autres nouvelles mesures que le gouvernement a d\u00e9cid\u00e9 de prendre en dehors du cycle financier ordinaire (c\u2019est-\u00e0-dire le budget ou l\u2019\u00e9nonc\u00e9 \u00e9conomique de l\u2019automne)."}},{"content":{"en":"Parliamentarians have about three weeks to approve the Government\u2019s financial request.","fr":"Les parlementaires disposent d\u2019environ trois semaines pour approuver la demande de cr\u00e9dits du gouvernement."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223019S,\n author={Vanderwees, Kaitlyn},\n title={Supplementary Estimates (B) 2022-23},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223019S,\n author={Vanderwees, Kaitlyn},\n title={Budget suppl\\\u0027{e}mentaire des d\\\u0027{e}penses (B) 2022-2023},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-021-S","is_published":"2022-11-15T13:57:08.000000Z","release_date":"2022-11-15T14:00:00.000000Z","updated_at":"2022-11-15T17:28:25.000000Z","type":"RP","internal_id":"RP-2223-021-S","title_en":"Fall Economic Statement 2022 \u2014 Issues for Parliamentarians","title_fr":"\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne 2022 \u2014 Enjeux pour les parlementaires","slug":"RP-2223-021-S--fall-economic-statement-2022-issues-parliamentarians--enonce-economique-automne-2022-enjeux-parlementaires","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-021-S--fall-economic-statement-2022-issues-parliamentarians--enonce-economique-automne-2022-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-021-S--fall-economic-statement-2022-issues-parliamentarians--enonce-economique-automne-2022-enjeux-parlementaires"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-021-S--fall-economic-statement-2022-issues-parliamentarians--enonce-economique-automne-2022-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-021-S--fall-economic-statement-2022-issues-parliamentarians--enonce-economique-automne-2022-enjeux-parlementaires"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/4d3511f67746dce4f575f967ee8300b2d9cd5334ae13ed55e4eec7009a409a66"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/18fee0a19a3363e2df4f588d58c5800d850ea2b5ff6a13341ea952bcb356c0a6"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2ef05a2feca09a7d439acf30f5d960ab3f667686bd999604f4ead34858a15e1e","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/52ac960b005b2dca366eefa3da5717ea0735d3d8281765b6c436841db35cd95b","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/83f40ec12cda12d943c8fcf2bbbf9057b87e955eb65d7d180ed66e997128f672","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/54763575707b0ab63a3523ad7c4bc2c2d964714b8d6d44b718627e936933765c","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6a9aa78ef6b5c383e1ba589531ffd5d134892bb26b8b7dfdda13f860ca5371dc","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4c5cb4d4f38eab62f1ef4eb4006843f0063dc0d42c0f1fa1d08415329e5dd72b","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f4d4f67f9d9e912e802043a8d237f32e0f5f897a4a5568b6963398a3ca49eb60","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6070a7f54a4bd53c1e4686cb24c6d36401bceaa7fe26dbe711a2444caebe51a6"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a71b7ecc8c0ad9d09fa3bbdab8f3db2795c35b17b519fa72ec95c766819e096c","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/574170f474850b71fec0bbe8c12810f6bad6c2f32822d87068616664cd21d35f","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/15776af5d18c4a584eb2f78773b39f888ef73051601ddb39b4c1694ff0c45b11","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9e7f044d5da24b4eb02a54ea9a0635901ecbac64d3605fb6123a7648a3e96a0d","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3513a66f9fd1075187415f3ffb855ad251d31149740e833f00eb3741a5260cb9","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9a1d3fe894596f0c05961899b5f0275d0087e91d1ededaf0eb0a9c374e6cd7b6","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4170ef8df446310c20be3c30272b2d7b438d431d2c43fee8e0fa84fa15914206","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/42fa837fa136b4b069aacf50798eb32206a9c2a6ec435e4610df2dd94b7a0ad1"}}},"metadata":{"abstract_en":"To assist parliamentarians in their budgetary deliberations, this report highlights key issues arising from the 2022 Fall Economic Statement.","abstract_fr":"Ce rapport fait ressortir les faits saillants de l\u2019*\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne de 2022* pour aider les parlementaires dans leurs d\u00e9lib\u00e9rations budg\u00e9taires.","highlights":[{"content":{"en":"Revisions to the private sector economic outlook and fiscal developments in the Fall Economic Statement provide a total of $81.2 billion in new \u201cfiscal room\u201d, which finances $52.2 billion in (net) new measures over 2022-23 to 2027-28.","fr":"Les r\u00e9visions apport\u00e9es aux perspectives \u00e9conomiques du secteur priv\u00e9 et \u00e0 l\u2019\u00e9volution budg\u00e9taire dans l\u2019*\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne* procurent une nouvelle \u00ab marge de man\u0153uvre financi\u00e8re \u00bb de 81,2 milliards de dollars, ce qui permet de financer 52,2 milliards de dollars en nouvelles mesures (nettes) de 2022-2023 \u00e0 2027-2028."}},{"content":{"en":"Over 40 per cent ($21.6 billion) of new measures are \u201coff-cycle\u201d in nature, that is, they preceded the $30.6 billion in new spending identified as Fall Economic Statement measures.","fr":"Plus de 40 % (21,6 milliards de dollars) des nouvelles mesures sont de nature \u00ab hors cycle \u00bb, c\u2019est-\u00e0-dire qu\u2019elles ont pr\u00e9c\u00e9d\u00e9 les 30,6 milliards de dollars de nouvelles d\u00e9penses d\u00e9sign\u00e9es comme \u00e9tant des mesures de l\u2019*\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne*."}},{"content":{"en":"The Government highlighted that it exceeded its first spending review target of $3.0 billion by achieving savings of $3.8 billion from lower-than-anticipated spending on certain COVID 19 support measures in the previous fiscal year, 2021-22. However, the source of this savings is inconsistent with the intention and timing that was announced in Budget 2022.","fr":"Le gouvernement a soulign\u00e9 qu\u2019il avait d\u00e9pass\u00e9 sa premi\u00e8re cible d\u2019examen des d\u00e9penses de 3,0 milliards de dollars en r\u00e9alisant des \u00e9conomies de 3,8 milliards de dollars gr\u00e2ce \u00e0 des d\u00e9penses moins \u00e9lev\u00e9es que pr\u00e9vu pour certaines mesures de soutien li\u00e9es \u00e0 la COVID-19 au cours de l\u2019exercice pr\u00e9c\u00e9dent, soit 2021-2022. Toutefois, la source de ces \u00e9conomies n\u2019est pas conforme \u00e0 l\u2019intention et au calendrier annonc\u00e9s dans le budget de 2022."}},{"content":{"en":"The Government identified $14.2 billion in new measures without providing specific details on this spending. This spending represents 27 per cent of all new measures ($52.2 billion) in the Fall Economic Statement. This lack of transparency presents challenges for parliamentarians and the public in scrutinizing the Government\u2019s spending plans.","fr":"Le gouvernement a annonc\u00e9 14,2 milliards de dollars en nouvelles mesures sans fournir de d\u00e9tails sur ces d\u00e9penses. Ces d\u00e9penses repr\u00e9sentent 27 % de toutes les nouvelles mesures (52,2 milliards de dollars) de l\u2019*\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne*. Ce manque de transparence pr\u00e9sente des d\u00e9fis pour les parlementaires et les membres du public au cours de l\u2019examen des plans de d\u00e9penses du gouvernement."}},{"content":{"en":"This year the Public Accounts were tabled on October 27\u2014seven months after the close of the fiscal year. Canada continues to fall short of the standard for advanced practice in the International Monetary Fund\u2019s financial reporting guidelines, which recommends that governments publish their annual financial statements within six months.","fr":"Cette ann\u00e9e, les Comptes publics ont \u00e9t\u00e9 d\u00e9pos\u00e9s le 27 octobre \u2014 sept mois apr\u00e8s la cl\u00f4ture de l\u2019exercice. Le Canada ne respecte toujours pas la norme de pratique avanc\u00e9e des lignes directrices du Fonds mon\u00e9taire international en mati\u00e8re de rapports financiers, o\u00f9 il est recommand\u00e9 aux gouvernements de publier leurs \u00e9tats financiers annuels dans un d\u00e9lai de six mois."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223021S,\n author={Jacques, Jason and Laurin, Marianne and Nahornick, Nora and Nicol, Caroline and Sourang, Diarra and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Fall Economic Statement 2022 \\textemdash 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-RP2223021S,\n author={Jacques, Jason and Laurin, Marianne and Nahornick, Nora and Nicol, Caroline and Sourang, Diarra and Stanton, Jason and Vanderwees, Kaitlyn},\n title={\\\u0027{E}nonc\\\u0027{e} \\\u0027{e}conomique de l\u2019automne 2022 \\textemdash Enjeux pour les parlementaires},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-020-S","is_published":"2022-11-10T13:57:05.000000Z","release_date":"2022-11-10T14:00:00.000000Z","updated_at":"2022-11-10T13:57:05.000000Z","type":"RP","internal_id":"RP-2223-020-S","title_en":"Risk Scenario Analysis \u2014 November 2022","title_fr":"Analyse de sc\u00e9nario de risque \u2014 Novembre 2022","slug":"RP-2223-020-S--risk-scenario-analysis-november-2022--analyse-scenario-risque-novembre-2022","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-020-S--risk-scenario-analysis-november-2022--analyse-scenario-risque-novembre-2022","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-020-S--risk-scenario-analysis-november-2022--analyse-scenario-risque-novembre-2022"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-020-S--risk-scenario-analysis-november-2022--analyse-scenario-risque-novembre-2022","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-020-S--risk-scenario-analysis-november-2022--analyse-scenario-risque-novembre-2022"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/1784db049839a6abc9fce1862c044808c8f5395a2e6cd4ff6bc72ed642de352b"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/4add25f0f3fe0524f9c433ba45ef4924dabde62e3e5d5e7f973ae656a4d43a70"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9ba2db66a0231ab8aa5b2c0099153c6042de983e216631333fdbd030fee443a4","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3caca905b6e0bb2962ed687fe19c6cc86a1090a6d695b4da233285a878bb7919","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3f6fa1760a0bae5d2a6d3edcab270fa53a490feb8e2d12f1de11d6ebfe3f3a7e","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/24b7f01db1ed2e1c05e4a4bf3855260440c9a2f9b0bc21dbe5d1295689d019c3","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b386a4acb137ce93d95c5a358bb89f1aa3ec86457664e9b9549510e0825ba487","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3cebe4cb090ff42b371b22f59326e72a57591b65f30ec28d03598f32480052d2","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/06c5f829ec5b71c436108ae2031e4d47400ddf6a28bfac56fe983426945cf640","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/19244a50c1cc10599289bd9f560870402a1ff345f376c67c23c2ee3b62fa45b3"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/864e05e30bbd443b983df6ce74adab5067394fe483ea07485cd980baa419e8ad","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fb87d4f0ee7ef2867e8305574cac5ecfef7af2015a1ba90ceae30a5f78413daa","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0203f253d0c718aa7dd4f59961cce2266f702b91a880a4a1ef5ad47609d59bb7","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/df6b5342fbd6e3c834bdcede16ffd86a9f015d4425335d87cb995278bc326167","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1bb0219a6f866dec9f554e01e6d484ecd1c3718e2dfbc4ffae181a3e82571e1c","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/39d9221f1edfd01bd00c9fe70a99a207e66eeac8e5eab755c9c37b31cff16ce3","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2cf79e87b40ad197102eaeafb72b079efa16750e211bd59913dca52069867edb","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2c5bb7701b5ea810495b8bef191eeacf5d1cb8b27de3e88fbe7da744d15081ab"}}},"metadata":{"abstract_en":"This report provides a risk scenario analysis to help parliamentarians gauge potential economic and fiscal implications of central banks over-tightening monetary policy. **The scenario is not a most-likely forecast. It is an illustrative scenario of one possible outcome.**","abstract_fr":"Ce rapport propose une analyse de sc\u00e9nario de risque pour aider les parlementaires \u00e0 \u00e9valuer les possibles r\u00e9percussions \u00e9conomiques et financi\u00e8res d\u2019un resserrement excessif de la politique mon\u00e9taire par les banques centrales. **Le sc\u00e9nario ne constitue pas une pr\u00e9vision. Il ne montre qu\u2019une des issues possibles \u00e0 la situation.**","highlights":[{"content":{"en":"Our risk scenario assumes that the U.S. Federal Reserve and the Bank of Canada will continue to rapidly raise their policy interest rates to 5.25 per cent and 5.0 per cent, respectively, in early 2023 (100 basis points above our October outlook). We assume that the Federal Reserve and Bank of Canada will begin to lower their policy rates in early 2024.","fr":"Dans notre sc\u00e9nario de risque, nous supposons que la R\u00e9serve f\u00e9d\u00e9rale am\u00e9ricaine et la Banque du Canada continueront d\u2019augmenter rapidement leur taux directeur, de sorte qu\u2019il atteigne 5,25 % et 5,0 % respectivement au d\u00e9but de 2023 (100 points de base de plus que dans nos perspectives d\u2019octobre). Nous supposons qu\u2019elles commenceront \u00e0 abaisser leur taux au d\u00e9but de 2024."}},{"content":{"en":"With the over-tightening of monetary policy, real GDP in Canada begins to contract in the fourth quarter of 2022 and declines further over the course of 2023 in our risk scenario. Annual real GDP growth in 2023 and 2024 is -0.3 per cent and 1.3 per cent, respectively, which is 1.5 and 1.0 percentage points lower compared to our October outlook.","fr":"Compte tenu du resserrement excessif de la politique mon\u00e9taire pr\u00e9vu dans notre sc\u00e9nario de risque, le PIB r\u00e9el du Canada commence \u00e0 se contracter au quatri\u00e8me trimestre de 2022 et continue de diminuer en 2023. La croissance annuelle du PIB r\u00e9el en 2023 et en 2024 est de 0,3 % et 1,3 % respectivement, ce qui repr\u00e9sente une baisse de 1,5 et 1,0 point de pourcentage par rapport \u00e0 nos perspectives d\u2019octobre."}},{"content":{"en":"Under our risk scenario, employment growth essentially stalls in late 2022 and over the course of 2023. Employment falls below levels projected in our October outlook, resulting in a loss of 177,000 (net) jobs by the end of 2024. The unemployment rate rises to 6.2 per cent in early 2024 in our risk scenario, which is 0.5 percentage points above our October outlook.","fr":"Dans notre sc\u00e9nario de risque, la croissance de l\u2019emploi stagne essentiellement \u00e0 la fin de 2022 et en 2023. L\u2019emploi tombe sous les niveaux pr\u00e9vus dans nos perspectives d\u2019octobre, ce qui se traduit par une perte de 177 000 emplois (nets) d\u2019ici la fin de 2024. Le taux de ch\u00f4mage passe \u00e0 6,2 % au d\u00e9but de 2024 dans notre sc\u00e9nario de risque, soit 0,5 point de pourcentage de plus que ce que nous pr\u00e9voyions dans nos perspectives d\u2019octobre."}},{"content":{"en":"Due to weaker economic activity and higher interest rates in 2023 and 2024 under our risk scenario, the budgetary deficit reaches $42.9 billion in 2023-24 (1.5 per cent of GDP) and $36.5 billion in 2024-25 (1.3 per cent of GDP). Compared to our October outlook, the budgetary deficit is $15.6 billion higher per year, on average, over 2023-24 to 2027-28.","fr":"En raison du ralentissement de l\u2019activit\u00e9 \u00e9conomique et de la hausse des taux d\u2019int\u00e9r\u00eat, en 2023 et 2024 pr\u00e9vus dans notre sc\u00e9nario de risque, le d\u00e9ficit budg\u00e9taire s\u2019\u00e9l\u00e8ve \u00e0 42,9 milliards de dollars en 2023-2024 (1,5 % du PIB) et \u00e0 36,5 milliards en 2024-2025 (1,3 % du PIB). Par rapport \u00e0 nos perspectives d\u2019octobre, il est plus \u00e9lev\u00e9 de 15,6 milliards de dollars par ann\u00e9e, en moyenne, de 2023-2024 \u00e0 2027-2028."}},{"content":{"en":"Under our risk scenario, the federal debt-to-GDP ratio increases to 43.2 per cent of GDP in 2023-24 and remains elevated before gradually falling to 39.2 per cent in 2027-28. The debt service ratio (that is public debt charges relative to tax revenues) reaches 14.3 per cent in 2024-25 and then declines to 12.0 per cent in 2027-28.","fr":"Dans notre sc\u00e9nario de risque, le ratio de la dette f\u00e9d\u00e9rale au PIB augmente pour passer \u00e0 43,2 % du PIB en 2023-2024 et reste \u00e9lev\u00e9 avant de revenir graduellement \u00e0 39,2 % en 2027-2028. Le ratio du service de la dette (soit le rapport entre les frais de la dette publique et les recettes fiscales) atteint 14,3 % en 2024-2025 avant de retomber \u00e0 12,0 % en 2027-2028."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223020S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Behrend, Robert and Creighton, Mark and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Risk Scenario Analysis \\textemdash November 2022},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223020S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Behrend, Robert and Creighton, Mark and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Analyse de sc\\\u0027{e}nario de risque \\textemdash Novembre 2022},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-018-S","is_published":"2022-10-13T12:57:05.000000Z","release_date":"2022-10-13T13:00:00.000000Z","updated_at":"2022-10-13T12:57:05.000000Z","type":"RP","internal_id":"RP-2223-018-S","title_en":"Economic and Fiscal Outlook \u2013 October 2022","title_fr":"Perspectives \u00e9conomiques et financi\u00e8res \u2013 Octobre 2022","slug":"RP-2223-018-S--economic-fiscal-outlook-october-2022--perspectives-economiques-financieres-octobre-2022","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-018-S--economic-fiscal-outlook-october-2022--perspectives-economiques-financieres-octobre-2022","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-018-S--economic-fiscal-outlook-october-2022--perspectives-economiques-financieres-octobre-2022"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-018-S--economic-fiscal-outlook-october-2022--perspectives-economiques-financieres-octobre-2022","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-018-S--economic-fiscal-outlook-october-2022--perspectives-economiques-financieres-octobre-2022"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/258865a69ecf369e99f05a9e799d04136ed8c0b04830967d0ad5aecfd59f90f9"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/51a083e93dd377e22512a1bded7c9ec3406c0f7fac7eb2d3cc34b5fb31543ee6"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d7fa73999c04307e23d86d96180e5f91c31033c5a98ee407dc6b62cf9055991a","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9d332a78925718b07fbda3f93d76ab9bb2aebdba80cd6e29adc6f4cb242d2ddf","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fbb974d4b634d9d774e0b6d9a8963dcc027d71682e31681f69f8d3b8a772ef81","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b1ed7e24b589eb9697f566532534e451fdf683e36f72b4528766a85f31585db4","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fd5194e7f1ad4e2700932baba6f3337de968a2b78fbf3ac192ba3f9ddbca25f2","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/569284196971fde0ae04a2fe40f3fb15fd9aeb8212b3a92d03fa50b47895fe1b","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9c606032b827b08e41f6ef8fcef2179d1759bc6853619320448436732c0eb62c","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4e27d041a155bc9dbb184b1c2a2a5f0188b46d4baea9c42d68345e6e2188e539"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e868718d7e6d6970c4c12049c275e08082aad802f134c34933002ffffb819e10","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f6a27cfedbbd466a775bce54ecdf70d3f89806f124a864cedfd28e534ff00e9f","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/765b7fa64713a56d6569df337c447227e123b34ac1898507a5cadc055ea531f1","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3c2ccb74035ad35fa788f6075f4f194cfa212d85ad15450156ab4e19a9370a68","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ca52aaabbc28d4b60d603d25ababb7e5100d76064e4e8ffdef1c0cfb6c1ce1d2","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d2b396382ddf283ac93c1e58d239a0485c786a64e9c61c61435e62d76eddc6ad","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b0bd984003014b83e12072b4962d24e1abbf54f1bdcbdac4f1f3a62f069bef29","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6b3117d563ea91e5017f03f8b53059e09c7bd98995dbfa2b78a825de0b37a3d6"}}},"metadata":{"abstract_en":"This report provides a baseline projection to help parliamentarians gauge potential economic and fiscal outcomes under current policy settings.","abstract_fr":"Ce rapport pr\u00e9sente une projection de r\u00e9f\u00e9rence pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et financiers possibles dans le cadre des politiques actuelles.","highlights":[{"content":{"en":"Since the beginning of March, the Bank of Canada has increased its policy rate by a total of 300 basis points. We expect the Bank to increase its policy rate further, reaching 4 per cent by the end of this year. With the tightening of monetary policy, PBO projects real GDP growth in Canada to slow considerably in the second half of 2022 and remain weak through 2023.","fr":"Depuis le d\u00e9but du mois de mars, la Banque du Canada a relev\u00e9 son taux directeur de 300 points de base au total et on peut s\u2019attendre \u00e0 ce qu\u2019elle le rel\u00e8ve encore pour qu\u2019il atteigne 4 % d\u2019ici la fin de l\u2019ann\u00e9e. Avec le resserrement de la politique mon\u00e9taire, le DPB pr\u00e9voit un net ralentissement de la croissance du PIB r\u00e9el du Canada pendant la seconde moiti\u00e9 de 2022 et une faible croissance tout au long de 2023."}},{"content":{"en":"As supply constraints ease and commodity prices recede from elevated levels in the first half of 2022, softer demand in 2023 is expected to contribute to sustained reductions in CPI inflation. With CPI inflation solidly on track to return to its 2 per cent target, we expect the Bank of Canada to start lowering its policy interest rate in late 2023.","fr":"Les difficult\u00e9s d\u2019approvisionnement s\u2019estompant et le cours des produits de base baissant par rapport aux niveaux \u00e9lev\u00e9s dans la premi\u00e8re moiti\u00e9 de 2022, le fl\u00e9chissement de la demande en 2023 devrait contribuer \u00e0 la baisse continue de l\u2019inflation des prix \u00e0 la consommation (IPC). Celle-ci \u00e9tant alors en tr\u00e8s bonne voie pour revenir \u00e0 la cible de 2 %, nous nous attendons \u00e0 ce que la Banque du Canada commence \u00e0 baisser son taux directeur \u00e0 la fin de 2023."}},{"content":{"en":"In the absence of final financial results for the past fiscal year, PBO estimates that there was a budgetary deficit of $97.0 billion (3.9 per cent of GDP) in 2021-22. For the current fiscal year 2022-23, PBO projects the deficit to decline to $25.8 billion (0.9 per cent of GDP) under status quo policy.","fr":"En l\u2019absence de r\u00e9sultats financiers d\u00e9finitifs pour le dernier exercice, le DPB estime que le d\u00e9ficit budg\u00e9taire pour 2021-2022 s\u2019\u00e9l\u00e8vait \u00e0 97 milliards de dollars (3,9 % du PIB). Pour l\u2019exercice en cours, 2022-2023, il devrait revenir \u00e0 25,8 milliards de dollars (0,9 % du PIB), si la politique demeure inchang\u00e9e."}},{"content":{"en":"Assuming no new measures are introduced and existing temporary measures sunset as scheduled, the budgetary deficit is projected to decline further, reaching $3.1 billion (0.1 per cent of GDP) in 2027-28, as growth in tax revenue tracks gains in nominal GDP and growth in program spending remains constrained.","fr":"En supposant qu\u2019aucune nouvelle mesure ne sera introduite et que les mesures temporaires actuelles prendront fin comme pr\u00e9vu, le d\u00e9ficit budg\u00e9taire devrait continuer de baisser pour atteindre 3,1 milliards de dollars (0,1 % du PIB) en 2027-2028, la croissance des recettes fiscales suivant la hausse du PIB nominal et l\u2019augmentation des d\u00e9penses de programmes restant limit\u00e9e."}},{"content":{"en":"PBO projects the federal debt-to-GDP ratio to continue to decline from its peak in 2020-21, gradually reaching 36.2 per cent in 2027-28, but remain above its pre-pandemic level. We project the debt service ratio (public debt charges relative to tax revenues) will peak at 11.5 per cent in 2024-25 and then decline gradually, reaching 10.9 per cent in 2027-28.","fr":"Le DPB pr\u00e9voit que le ratio de la dette f\u00e9d\u00e9rale au PIB continuera de baisser par rapport au pic atteint en 2020-2021 pour revenir graduellement \u00e0 36,2 % en 2027-2028, mais qu\u2019il restera sup\u00e9rieur \u00e0 ce qu\u2019il \u00e9tait avant la pand\u00e9mie. Nous pr\u00e9voyons que le ratio du service de la dette (soit le rapport entre les frais de la dette publique et les recettes fiscales) atteindra 11,5 % en 2024-2025, avant de redescendre graduellement \u00e0 10,9 % en 2027-2028."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223018S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Economic and Fiscal Outlook - October 2022},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223018S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res - Octobre 2022},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"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":"LEG-2223-007-S","is_published":"2022-06-07T12:57:10.000000Z","release_date":"2022-06-07T13:00:00.000000Z","updated_at":"2022-06-07T12:57:10.000000Z","type":"LEG","internal_id":"LEG-2223-007-S","title_en":"Increasing Loan Forgiveness for Doctors and Nurses in Rural and Remote Communities","title_fr":"Accro\u00eetre la remise de pr\u00eat d\u2019\u00e9tudes pour les m\u00e9decins et le personnel infirmier dans les communaut\u00e9s rurales et \u00e9loign\u00e9es","slug":"LEG-2223-007-S--increasing-loan-forgiveness-doctors-nurses-in-rural-remote-communities--accroitre-remise-pret-etudes-medecins-personnel-infirmier-dans-communautes-rurales-eloignees","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-007-S--increasing-loan-forgiveness-doctors-nurses-in-rural-remote-communities--accroitre-remise-pret-etudes-medecins-personnel-infirmier-dans-communautes-rurales-eloignees","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-007-S--increasing-loan-forgiveness-doctors-nurses-in-rural-remote-communities--accroitre-remise-pret-etudes-medecins-personnel-infirmier-dans-communautes-rurales-eloignees"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-007-S--increasing-loan-forgiveness-doctors-nurses-in-rural-remote-communities--accroitre-remise-pret-etudes-medecins-personnel-infirmier-dans-communautes-rurales-eloignees","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-007-S--increasing-loan-forgiveness-doctors-nurses-in-rural-remote-communities--accroitre-remise-pret-etudes-medecins-personnel-infirmier-dans-communautes-rurales-eloignees"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/198d5db49f60154983c338c1966ead8248186b1d6cee18ce323254aa0661feaa"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/d883bfb8451493ee39c760cfbc1222a6223ff045df168326d35eda3d6985e3a8"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/534596eac364f3cdf12c89bceef38e88cc42e82a6038ee97f7520c484327d85e","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/50efd3e307bf2e88ff37e940b6bb3703a525034bfa571941d6b5351cb8182c94","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2d6ca4868e8fb19b9e82fc4c246472fa25e479e55f990e6038e5821d47c26a4b","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/53f62b1ab701258eb1eb2247fc447644867ab3ee11dff64280634df99844b3de","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5c8241112fbe5745d43b58ae831923ecca82fdf49fb8eb71676d05f94948a47b","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7113251ae4f6fb7ca7df3abe85b9d1fcbd77c59d099990ebc0bb6b507d37212e","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/942a1bb59cc518f3d5adf16a8d9de4f5193a46b7f7cf0e0b7c0d13bd5b07f47c","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/521cab8e4a414520966fb3f42c55f0d391fc706fb278fb42bd7126e826edc2da"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1e845cbab152bf8a9cd80f4957a44cd09227aad2ee3687f92bab91ff62fc280b","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9e39b5a0f1d59babc4671e78488eef0e82c713907891e7a1a18fdb8cb869f1e4","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/47dc1b45c52ad5f63f2ceadb8f889c4b00ebd4273c1f52bf80dadd30439faddf","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/04bc32d9f66f4e5bf7ecc53035db244312882d42b193f8ec7f13dbfeb7b4ffee","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1af226080cfb365eacf09f9c1bd889c10ed38695edeb3ff31ed842f29b97aabd","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/daa93dbc1b06b16c40118d01911e550938316abfb3d15274e3fc08bcdbc23cde","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/247e1bfda2deb82b67817ec980187078d12a2813f156dae3f8bf14c3beb46f5a","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c14f01c831011ae0c7b7dc3142f60bd2803aa6fe4f553961e22ccea91c45fdd9"}}},"metadata":{"abstract_en":"Increasing the maximum amount of forgivable Canada Student Loans by 50 per cent, from $40,000 to $60,000 for doctors and from $20,000 to $30,000 for nurses working in underserved rural or remote communities. This policy will be effective April 1, 2023. \n\nThe PBO estimates the proposed increase to the forgivable amount of Canada Student Loans for doctors and nurses who practice in rural and remote communities will generate a 5-year total cost of $19 million.","abstract_fr":"Augmenter de 50 % le montant maximal de remise des pr\u00eats d\u2019\u00e9tudes canadiens afin de le faire passer de 40 000 $ \u00e0 60 000 $ pour les m\u00e9decins et de 20 000 $ \u00e0 30 000 $ pour le personnel infirmier travaillant dans des communaut\u00e9s rurales ou \u00e9loign\u00e9es en p\u00e9nurie. Cette politique prendra effet le 1er avril 2023.\n\nLe DPB estime que l\u2019augmentation propos\u00e9e de la remise de pr\u00eat d\u2019\u00e9tudes pour les m\u00e9decins et le personnel infirmier travaillant dans des communaut\u00e9s rurales et \u00e9loign\u00e9es co\u00fbtera 19 millions de dollars au total sur cinq ans.","highlights":[]},"bills":[],"bibtex":{"en":"@techreport{PBO-LEG2223007S,\n author={Vanderwees, Kaitlyn},\n title={Increasing Loan Forgiveness for Doctors and Nurses in Rural and Remote Communities},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2223007S,\n author={Vanderwees, Kaitlyn},\n title={Accroitre la remise de pr\\^{e}t d\u2019\\\u0027{e}tudes pour les m\\\u0027{e}decins et le personnel infirmier dans les communaut\\\u0027{e}s rurales et \\\u0027{e}loign\\\u0027{e}es},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-009-S","is_published":"2022-05-31T12:57:08.000000Z","release_date":"2022-05-31T13:00:00.000000Z","updated_at":"2022-05-31T12:57:08.000000Z","type":"RP","internal_id":"RP-2223-009-S","title_en":"Supplementary Estimates (A) 2022-23","title_fr":"Budget suppl\u00e9mentaire des d\u00e9penses (A), 2022-2023","slug":"RP-2223-009-S--supplementary-estimates-2022-23--budget-supplementaire-depenses-2022-2023","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-009-S--supplementary-estimates-2022-23--budget-supplementaire-depenses-2022-2023","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-009-S--supplementary-estimates-2022-23--budget-supplementaire-depenses-2022-2023"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-009-S--supplementary-estimates-2022-23--budget-supplementaire-depenses-2022-2023","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-009-S--supplementary-estimates-2022-23--budget-supplementaire-depenses-2022-2023"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/351ea8eb939a50429efe18fc9f7eacad05df26ef4b3cf76809c69b03255bb618"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/64f1548fd6c87fe66d607cdbca40a3751bbe741b913071048873a7fa95ae1b82"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4efbe364ef626e978ce5d9933fbd3536293b40d4fc5b8942dff3e18700d1016b","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/49e32143dd94ff63620d1c398825d98b36e61b150fd96fc0f1fba94c89012263","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5744174aa7ecb8cb83b4ed6341163aa4af3a8b683032cb980ea4c16962e6ce5c","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ade49660ae35669ab0b7dc4792536c607c503d9ac56e38b9e38f97bdf2587c21","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6ef2e6e658b39de9b067cea9bfbedc679f91ff552c450399445d5f388c8a24fd","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/455c7c3a4053d090cf7a5c634ec098c3fb6af644793c116c7f4605aeb9e33d1c","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a89a42741190ca972d81022b2cf203af32d8f60f7d3b8eea9c898112a78e03fe","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cc789228ecc1a767ec9baacd69d80de127667b6d373cbee75bef00cc88a408ff"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/81412281b3afbe5730b7bd6193bf61b5267663e036ecbb1326d9cefdcc5863e8","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6c6f745f7da824b61d214c0c8120be23d2d105d4a348c8e2b730365d93657e6f","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5fa892e0787e0d5065956954d5a9afb427e03400bcd97743fb0d014c84123d3c","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ecd205b761aa0c53760363ad031f5e3ba710769a6017818a7dba3558d511f0b1","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e7c0151b8941be51661879b92e86a705677087147378cae1388798609741aec1","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d953ed831bbe2971b313e4a59f75d8fb34ad7abfafbd01302cddccb482dd9324","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1dbf6d93e0922594094060c66e8efbbbe2f710d0a3a927d1292a71b1cd89984b","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9064a2871b1cde60d9fb2a9fc872f76f73526fc6f61b11ce1f3b7b75d81858f4"}}},"metadata":{"abstract_en":"Section 79.2(1) of the Parliament of Canada Act vests the PBO with responsibility to prepare analysis of the Government\u2019s Estimates. To fulfill this mandate, this report presents a detailed assessment of the Government\u2019s first Supplementary Estimates for the 2022-23 fiscal year, which seeks Parliament\u2019s approval of $8.8 billion.","abstract_fr":"Le paragraphe 79.2(1) de la Loi sur le Parlement du Canada conf\u00e8re au DPB la responsabilit\u00e9 de pr\u00e9parer des analyses des pr\u00e9visions budg\u00e9taires du gouvernement. Pour mener \u00e0 bien ce mandat, ce rapport pr\u00e9sente une analyse d\u00e9taill\u00e9e du premier budget suppl\u00e9mentaire des d\u00e9penses du gouvernement pour l\u2019exercice financier 2022-2023, dans lequel le gouvernement demande au Parlement d\u2019approuver des d\u00e9penses de 8,8 milliards de dollars.","highlights":[]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223009S,\n author={Vanderwees, Kaitlyn},\n title={Supplementary Estimates (A) 2022-23},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223009S,\n author={Vanderwees, Kaitlyn},\n title={Budget suppl\\\u0027{e}mentaire des d\\\u0027{e}penses (A), 2022-2023},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"LEG-2223-001-S","is_published":"2022-04-05T12:57:10.000000Z","release_date":"2022-04-05T13:00:00.000000Z","updated_at":"2022-04-05T12:57:10.000000Z","type":"LEG","internal_id":"LEG-2223-001-S","title_en":"Tuition grant for persons with a Disability Tax Credit certificate","title_fr":"Bourse de scolarit\u00e9 aux personnes ayant un certificat pour le cr\u00e9dit d\u2019imp\u00f4t pour personnes handicap\u00e9es","slug":"LEG-2223-001-S--tuition-grant-persons-with-disability-tax-credit-certificate--bourse-scolarite-personnes-ayant-un-certificat-credit-impot-personnes-handicapees","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-001-S--tuition-grant-persons-with-disability-tax-credit-certificate--bourse-scolarite-personnes-ayant-un-certificat-credit-impot-personnes-handicapees","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-001-S--tuition-grant-persons-with-disability-tax-credit-certificate--bourse-scolarite-personnes-ayant-un-certificat-credit-impot-personnes-handicapees"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-001-S--tuition-grant-persons-with-disability-tax-credit-certificate--bourse-scolarite-personnes-ayant-un-certificat-credit-impot-personnes-handicapees","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-001-S--tuition-grant-persons-with-disability-tax-credit-certificate--bourse-scolarite-personnes-ayant-un-certificat-credit-impot-personnes-handicapees"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/852bdf35e7cfb5826c67d584fc58dcf5736145661d834ab8a18a73f8f467b990"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/2c23bf0c9c44ea7b3f73eb6fc84f16e666076f4fa7e962fd77ce009d708a64bb"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/16fb5a0eb0a3893c33fda50ed3b324ef86eaf673beaaec0fef9d7816ef26d732","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f342c09307ec24ee9074c92f0ed54145b8307324ba76ce2539321728aa09370c","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1fe851a50bfee8548ccdcf98dd95d12d4bd8c6cfaecb960f684b88cb4eb60484","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/378db7ce358316d445e1e645f37290a4627ce753c72be664fb3acb3c804d41c9","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9395f8738f6596dece15581d01459494adbe3ed3519bd79298427ebc7295207b","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f87514c35ea2bd10f0d2c1f3b5ae2ab059a7caa3d81cc4e2d40c942a467c450f","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d75b3e096214389291d9f71edd9bdbc34923e214d84ca2d00742a0fc41077c4d","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/222efe5f8b2e804fdffe6515b763932f51cd78d6c8cd9ab8d0c192c3ad693275"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1a8364b4dcea2e4eb6641119b614f3392dbd0198357a43ff3c4d7cdb6ada55bf","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3591afd721d44ee09d2f0082144df3fa2fd40a83562411b3fbf3d1651f8c0a9d","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a38d25b214f7f91b7cb696c6d740eec9931d2405691b4e3ae97e45a2a8725737","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0619041b29664199f7a512ba93993ed59682be02064c465e903ae634d4bc236e","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9f8ec3cf3c1bb56d23f185577174f856c01ada532125259128c86a0dec67a921","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4ee2edf03a8c4af2e564e658568ad921d4fec575577064660afae311e2abc23e","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1d24ffd7689ab2f705f967823fce1aba1db4bf9d9bae21b6333c2a4aa2e2139b","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/202f19f14f47db8a9e5cd6a29c4b62fa05af47b88cda7217a50d323bf2cf0bfc"}}},"metadata":{"abstract_en":"Private member\u2019s bill C-255 proposes amending the *Income Tax Act* and the *Canada Student Financial Assistance Act* so that students enrolled in a designated post-secondary educational institution with a Disability Tax Credit (DTC) certificate will receive a grant equal to their annual tuition fees. It is assumed that the bill will be effective August 1, 2022, the start of the 2022-23 loan year.\n\nThe PBO estimates the proposed tuition grant for persons with a Disability Tax Credit certificate will generate a 5-year total cost of $402 million. This includes a gross cost of $591 million and a cost recovery of $189 million.","abstract_fr":"Le projet de loi d\u2019initiative parlementaire C-255 propose de modifier la *Loi de l\u2019imp\u00f4t sur le revenu* et la *Loi f\u00e9d\u00e9rale sur l\u2019aide financi\u00e8re aux \u00e9tudiants* afin que les \u00e9tudiants qui sont inscrits \u00e0 un \u00e9tablissement d\u2019enseignement postsecondaire d\u00e9sign\u00e9 et qui ont un certificat pour le cr\u00e9dit d\u2019imp\u00f4t pour personnes handicap\u00e9es (CIPH) re\u00e7oivent une bourse \u00e9gale \u00e0 leurs frais de scolarit\u00e9. On suppose que la loi entrera en vigueur le 1er ao\u00fbt 2022, date du commencement de l\u2019ann\u00e9e de pr\u00eat 2022-2023.\n\nLe DPB estime que la bourse de scolarit\u00e9 aux personnes ayant un certificat pour le cr\u00e9dit d\u2019imp\u00f4t pour personnes handicap\u00e9es aura un co\u00fbt total sur cinq ans de 402 millions de dollars. Cela comprend un co\u00fbt brut de 591 millions de dollars et un recouvrement de co\u00fbts de 189 millions de dollars.","highlights":[]},"bills":[{"id":308,"created_at":"2022-02-17T14:00:11-05:00","updated_at":"2022-04-05T08:57:10-04:00","legisid":"44_1_C-255","parliament":44,"session":1,"prefix":"C","number":255,"title_en":"An Act to amend the Income Tax Act and the Canada Student Financial Assistance Act","title_fr":"Loi modifiant la Loi de l\u2019imp\u00f4t sur le revenu et la Loi f\u00e9d\u00e9rale sur l\u2019aide financi\u00e8re aux \u00e9tudiants","bill_num":"C-255","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/bills--projets-de-loi\/44-1\/C-255","legisinfo":"https:\/\/www.parl.ca\/legisinfo\/en\/bill\/44-1\/c-255"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/bills--projets-de-loi\/44-1\/C-255","legisinfo":"https:\/\/www.parl.ca\/LegisInfo\/fr\/projet-de-loi\/44-1\/c-255"}},"pivot":{"publication_id":678,"bill_id":308}}],"bibtex":{"en":"@techreport{PBO-LEG2223001S,\n author={Behrend, Robert and Vanderwees, Kaitlyn},\n title={Tuition grant for persons with a Disability Tax Credit certificate},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2223001S,\n author={Behrend, Robert and Vanderwees, Kaitlyn},\n title={Bourse de scolarit\\\u0027{e} aux personnes ayant un certificat pour le cr\\\u0027{e}dit d\u2019imp\\^{o}t pour personnes handicap\\\u0027{e}es},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2122-034-S","is_published":"2022-03-10T14:00:08.000000Z","release_date":"2022-03-10T14:00:00.000000Z","updated_at":"2022-03-10T14:00:08.000000Z","type":"RP","internal_id":"RP-2122-034-S","title_en":"The Government\u2019s Expenditure Plan and Main Estimates for 2022-23","title_fr":"Le Plan des d\u00e9penses du gouvernement et le Budget principal des d\u00e9penses pour 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Health Transfer will grow by $2.1 billion (4.8 per cent) to $45.2 billion in 2022-23.","fr":"Le Transfert canadien en mati\u00e8re de sant\u00e9 augmentera de 2,1 milliards de dollars (4,8 %), ce qui le portera \u00e0 45,2 milliards de dollars en 2022-2023."}},{"content":{"en":"Proposed spending for the Indigenous portfolio will total $45.4 billion, which represents 214 per cent increase over Indigenous-related budgetary expenditures in 2017-18, primarily related to the roughly $20 billion in compensation for First Nations children and their families.","fr":"Les d\u00e9penses propos\u00e9es pour le portefeuille autochtone totaliseront 45,4 milliards de dollars, ce qui repr\u00e9sente une augmentation de 214 % par rapport aux d\u00e9penses budg\u00e9taires relatives aux Autochtones effectu\u00e9es en 2017-2018. Cette augmentation est principalement attribuable \u00e0 l\u2019indemnisation d\u2019environ 20 milliards de dollars vers\u00e9e aux enfants des Premi\u00e8res Nations et \u00e0 leurs familles."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2122034S,\n author={Giswold, Jill and Vanderwees, Kaitlyn},\n title={The Government\u2019s Expenditure Plan and Main Estimates for 2022-23},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2122034S,\n author={Giswold, Jill and Vanderwees, Kaitlyn},\n title={Le Plan des d\\\u0027{e}penses du gouvernement et le Budget principal des d\\\u0027{e}penses pour 2022-2023},\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. 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{"id":"RP-2122-031-S","is_published":"2022-02-28T14:00:07.000000Z","release_date":"2022-02-28T14:00:00.000000Z","updated_at":"2022-02-28T14:00:07.000000Z","type":"RP","internal_id":"RP-2122-031-S","title_en":"Supplementary Estimates (C) 2021-22","title_fr":"Budget suppl\u00e9mentaire des d\u00e9penses (C), 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report presents a detailed analysis of the Government\u2019s third Supplementary Estimates for the 2021-22 fiscal year, which seeks Parliament\u2019s approval of $13.2 billion.","abstract_fr":"Dans le pr\u00e9sent rapport figure une analyse d\u00e9taill\u00e9e du troisi\u00e8me budget suppl\u00e9mentaire des d\u00e9penses de l\u2019exercice 2021-2022, qui vise \u00e0 faire approuver par le Parlement des cr\u00e9dits de 13,2 milliards de dollars.","highlights":[{"content":{"en":"COVID-19 measures account for the majority (57.6 per cent, or $9.8 billion) of budgetary authorities.","fr":"Les mesures li\u00e9es \u00e0 la COVID-19 repr\u00e9sentent la majorit\u00e9 (57,6 %, soit 9,8 milliards de dollars) des autorisations budg\u00e9taires."}},{"content":{"en":"$4.0 billion in proposed spending relates to the procurement and distribution of COVID-19 rapid test kits.","fr":"Des d\u00e9penses propos\u00e9es de 4,0 milliards de dollars sont li\u00e9es \u00e0 l\u2019approvisionnement en trousses de d\u00e9pistage rapide de la COVID-19 et \u00e0 la distribution de celles-ci."}},{"content":{"en":"The Government\u2019s forecast for the Canada Worker Lockdown Benefit is increasing by $2.4 billion.","fr":"La pr\u00e9vision du gouvernement concernant la Prestation canadienne pour les travailleurs en cas de confinement augmente de 2,4 milliards de dollars."}},{"content":{"en":"The Government\u2019s forecast for interest on unmatured debt is increasing by $1.6 billion.","fr":"La pr\u00e9vision du gouvernement concernant l\u2019int\u00e9r\u00eat sur la dette non \u00e9chue augmente de 1,6 milliard de dollars."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2122031S,\n author={Giswold, Jill and Vanderwees, Kaitlyn and Behrend, Robert},\n title={Supplementary Estimates (C) 2021-22},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2122031S,\n author={Giswold, Jill and Vanderwees, Kaitlyn and 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{"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}"}}

{"id":"RP-2122-020-S","is_published":"2021-12-07T14:00:09.000000Z","release_date":"2021-12-07T14:00:00.000000Z","updated_at":"2021-12-07T14:40:40.000000Z","type":"RP","internal_id":"RP-2122-020-S","title_en":"Supplementary Estimates (B) 2021-22","title_fr":"Budget suppl\u00e9mentaire des d\u00e9penses (B) 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note presents a detailed analysis of the Government\u2019s second Supplementary Estimates for the 2021-22 fiscal year, which seeks Parliament\u2019s approval of $8.7 billion.","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 2021 2022, dans lequel le gouvernement demande au Parlement d\u2019approuver des d\u00e9penses de 8,7 milliards de dollars.","highlights":[{"content":{"en":"The Government\u2019s forecasts for the Canada Recovery Benefits are increasing by $3.8 billion, for a total of $18.0 billion in 2021-22 (74.3 per cent higher than the initial projections).","fr":"Les pr\u00e9visions du gouvernement en ce qui concerne les prestations canadiennes de la relance \u00e9conomique ont augment\u00e9 de 3,8 milliards de dollars et s\u2019\u00e9l\u00e8vent, au total, \u00e0 18 milliards de dollars (74,3 % de plus que les pr\u00e9visions 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2017-2018)."}},{"content":{"en":"Personnel spending accounts for approximately $2.5 billion in budgetary authorities (or 18.9 per cent).","fr":"Les d\u00e9penses en personnel repr\u00e9sentent environ 2,5 milliards de dollars en autorisations budg\u00e9taires (ou 18,9 %)."}},{"content":{"en":"Close to $900 million in proposed spending relates to the resolution of contingent liabilities previously identified by the Government.","fr":"Pr\u00e8s de 900 millions de dollars des d\u00e9penses propos\u00e9es concernent le r\u00e8glement des passifs \u00e9ventuels d\u00e9j\u00e0 cern\u00e9s par le gouvernement."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2122020S,\n author={Giswold, Jill and Vanderwees, Kaitlyn},\n title={Supplementary Estimates (B) 2021-22},\n institution={The Office of the Parliamentary Budget Officer},\n year=2021,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2122020S,\n author={Giswold, Jill and Vanderwees, Kaitlyn},\n title={Budget 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