Robert Behrend

Publications récentes

{"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-2223-025-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}"}} {"id":"RP-2223-024-S","is_published":"2023-02-23T13:57:11.000000Z","release_date":"2023-02-23T14:00:00.000000Z","updated_at":"2023-02-23T13:57:11.000000Z","type":"RP","internal_id":"RP-2223-024-S","title_en":"Supplementary Estimates (C) 2022-23","title_fr":"Budget suppl\u00e9mentaire des d\u00e9penses (C) 2022-2023","slug":"RP-2223-024-S--supplementary-estimates-c-2022-23--budget-supplementaire-depenses-c-2022-2023","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-024-S--supplementary-estimates-c-2022-23--budget-supplementaire-depenses-c-2022-2023","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-024-S--supplementary-estimates-c-2022-23--budget-supplementaire-depenses-c-2022-2023"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-024-S--supplementary-estimates-c-2022-23--budget-supplementaire-depenses-c-2022-2023","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-024-S--supplementary-estimates-c-2022-23--budget-supplementaire-depenses-c-2022-2023"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/69a10ad0fc1ae2c1205bcb1cd28de9cccc056bbf4a921a31f340aabbebfb7220"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/52c6c2b5842c3eb6a63ea2c27b4c7d06c73d79b5ab1d359bf6acb3d841d74323"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/631afe99b47297634297afdfebede45f87466072b19292ddadd8cc36dfc992f9","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2b6ce0fed53fc324274aede572b2fe2f0ae2e0167edb4a5320f1f6877ccd9d7f","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/09ec0bc7bf7c038ed09e7b7066f4ffe6fa04d1e9ec8cae4cfd01fe12165dd2c1","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fe9a2e051f80223f33ce37abfb8786e3395470db7c1921fd3ca4e0c3f50caf51","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/03763c39817cc85911c1fa5a55a150a1a80f997f72008e0653733c55ce8e1991","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/20b072f2b206803550edbba0247c1e0cc57a4aa8e76601fe2b9e9728f7b38a45","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/caecbe71f801aa70b2389770c796794664599f5f3aa5ab1d674825b8178dcf41","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c6263a00fd0134b2e3f9db709268190eeb2a3732e53dfbc86524f3c6d7700419"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3916b9fdca6c5010ae7042b1b6c93465ecac96777d559f150d290adb7c204603","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8f51d00f7bb153e5565f91197064597aae69a9aa5d65ab58f16c523fd6455e65","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a0d6125aa97d9e476f85ed41359ebb1f1fdbdbbcaaa5eaa62cffc4983d6ea02d","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/08ea8bfb982dd98c246a1dbacfdd9f42dd06b11a313ab272d3a28c41aa4651d0","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9c78de5b8adb667b7316a3113716236f5f26e76362dc1a7ebddf4cfae7672351","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/febdf7354c0c5402913ff8bccf3a4bae8049dd8c5424ae4487131d95355d567c","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fc5d7b57012e47bde89dd62b62a1872daa4ae1666a30dc4f3ccf561fd992b765","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fbcfab36facf9b4d3d1643cd8ae97f7b0b1e41636363d8c5bf783100496c112f"}}},"metadata":{"abstract_en":"This report presents a detailed analysis of the Government\u2019s third Supplementary Estimates for the 2022-23 fiscal year, which outlines $10.3 billion in new spending. Parliament\u2019s approval is required for $4.7 billion.","abstract_fr":"Le pr\u00e9sent rapport analyse en d\u00e9tail le troisi\u00e8me budget suppl\u00e9mentaire des d\u00e9penses du gouvernement pour l\u2019exercice 2022-2023, lequel pr\u00e9voit des nouvelles d\u00e9penses de 10,3 milliards de dollars. L\u2019approbation du Parlement est requise pour 4,7 milliards de dollars.","highlights":[{"content":{"en":"These Supplementary Estimates outline $10.3 billion in new spending.","fr":"Ce budget suppl\u00e9mentaire des d\u00e9penses pr\u00e9sente des nouvelles d\u00e9penses de 10,3 milliards de dollars."}},{"content":{"en":"This brings total planned spending to $443.3 billion \u2013 7 per cent higher than last year.","fr":"Ces nouvelles d\u00e9penses portent le total des d\u00e9penses pr\u00e9vues \u00e0 443,3 milliards de dollars \u2013 7 pour cent de plus que l\u2019ann\u00e9e derni\u00e8re."}},{"content":{"en":"Parliament\u2019s approval is required for $4.7 billion.","fr":"L\u2019approbation du Parlement est requise pour 4,7 milliards de dollars."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223024S,\n author={Behrend, Robert and Vanderwees, Kaitlyn},\n title={Supplementary Estimates (C) 2022-23},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223024S,\n author={Behrend, Robert and Vanderwees, Kaitlyn},\n title={Budget suppl\\\u0027{e}mentaire des d\\\u0027{e}penses (C) 2022-2023},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"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 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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-2223-013-C","is_published":"2022-08-16T12:57:11.000000Z","release_date":"2022-08-16T13:00:00.000000Z","updated_at":"2022-08-16T12:57:11.000000Z","type":"RP","internal_id":"RP-2223-013-C","title_en":"Research and Comparative Analysis of Fisheries and Oceans Canada","title_fr":"\u00c9tude et analyse comparatives du minist\u00e8re des P\u00eaches et des Oc\u00e9ans","slug":"RP-2223-013-C--research-comparative-analysis-fisheries-oceans-canada--etude-analyse-comparatives-ministere-peches-oceans","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-013-C--research-comparative-analysis-fisheries-oceans-canada--etude-analyse-comparatives-ministere-peches-oceans","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-013-C--research-comparative-analysis-fisheries-oceans-canada--etude-analyse-comparatives-ministere-peches-oceans"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-013-C--research-comparative-analysis-fisheries-oceans-canada--etude-analyse-comparatives-ministere-peches-oceans","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-013-C--research-comparative-analysis-fisheries-oceans-canada--etude-analyse-comparatives-ministere-peches-oceans"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/7c8cf0a83efb8d2b3347925cff15267d694998832361c4996a291263a84dbf25"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/108d392a94e0e764a5128a0dc8fe9315cc661cb77f6da6eab6b88e002977e1b2"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/20e6f2b256bc1defe83ee82db6b077c105cdc631c9f1a6f57b12b2b288235985","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e15f3d6420be3d7fb73098f2c06deea6aaca4bc1a237855aee289b69f8bb457e","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/dc698c1904e3cf4cd17fb91c8e0ed8641d16ef4ef93de51f63fce9820d910d7d","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/70a08348e8035ae5eafe7a3dc1b8b204d4676ecc1d97c43992f81dba05ad888d","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1ac6fb8779ae06b672edf50f8c5f96edc3631c0aaa99a7c35d2b8d93aa18ecbd","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/125729d984ce48cbeedb5d4bac00b65dbdf9bfad54307a3a59a010017dbd81e7","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2cd17d1c1ee014f2f7d6fd10f97155240c83c2f1a760fcd870f97b9a82a196c6","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1297db8de449b39eba1b67b85b67d3aa7b74eec44a67efab4318b37525513794"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ac910fc6e143f72ea078a38c4584d168330d3299cf3ae9fe1c29238e2806c6d2","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/11cd310090a0e341ef526a820599a1de870e03e9f4cf7d7604d274437c5b0ceb","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/eed13f5a6fb37f8d5e1efd15bc444da51aa57eaa300944c503c1309806217a4c","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9c18341af6ef86d5b0fd08c0415b24beab74657170a061e4a85b3328b260d72f","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6aa6d5c2f85edea78cf3560d818ceecb7ed31c4a1236a3c1909fdc36bda48bf9","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a63050a007cf4c4afb909c61e4f7992ad9552f32443ff32f2ac496d50c593668","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/70607cb36c7f4d206b8da940c6ea98069c0ac304436a015e55f23cc6422cb720","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2a99f293b07f9e02dc406cae2b24e05171ee1bce1b968a26149ec79fef962bac"}}},"metadata":{"abstract_en":"This report presents the PBO\u2019s response to a request by the Standing Committee on Fisheries and Oceans to conduct research and a comparative analysis on the Estimates of Fisheries and Oceans Canada (DFO).","abstract_fr":"Ce rapport r\u00e9pond \u00e0 la demande d\u2019\u00e9tude et d\u2019analyse comparatives du budget du minist\u00e8re des P\u00eaches et des Oc\u00e9ans (MPO) pr\u00e9sent\u00e9e au DPB par le Comit\u00e9 permanent des p\u00eaches et des oc\u00e9ans.","highlights":[{"content":{"en":"A review of departmental reports from 2011-2012 to 2022-2023 shows planned funding and human resources allocated to Fisheries and Oceans Canada increasing since 2014-2015.","fr":"Un examen des rapports minist\u00e9riels allant de 2011-2012 \u00e0 2022-2023 montre que les d\u00e9penses et les ressources humaines pr\u00e9vues et affect\u00e9es \u00e0 P\u00eaches et Oc\u00e9ans Canada augmentent depuis 2014-2015."}},{"content":{"en":"Planned total annual spending for the department overall were significantly missed twice (out of possible 10 times). Underlying this result, planned spending targets for each core responsibility are more likely to be missed.","fr":"Les d\u00e9penses annuelles totales pr\u00e9vues pour le minist\u00e8re n\u2019ont pas \u00e9t\u00e9 respect\u00e9es \u00e0 deux reprises (sur un total de 10 exercices) et les \u00e9carts \u00e9taient importants. Par cons\u00e9quent, les cibles de d\u00e9penses pr\u00e9vues pour chaque responsabilit\u00e9 essentielle sont plus susceptibles de ne pas \u00eatre respect\u00e9es."}},{"content":{"en":"Missed targets are due to additional incremental funding from Supplementary Estimates and funding carry forward from the previous year.","fr":"Les cibles non respect\u00e9es sont attribuables \u00e0 un financement suppl\u00e9mentaire provenant du Budget suppl\u00e9mentaire des d\u00e9penses et \u00e0 un report de financement de l\u2019exercice pr\u00e9c\u00e9dent."}},{"content":{"en":"The number of departmental result indicators (DRIs) has remained consistent. However, the percentage of active DRIs achieved has declined since 2018-2019 likely due to an outcome-based approach to DRI monitoring coupled with newly created DRIs having insufficient time to mature.","fr":"Le nombre d\u2019indicateurs de r\u00e9sultats des minist\u00e8res (IRM) est demeur\u00e9 constant. Toutefois, le pourcentage d\u2019IRM actifs a diminu\u00e9 depuis l\u2019exercice 2018-2019, probablement en raison d\u2019une approche de surveillance des IRM fond\u00e9e sur les r\u00e9sultats et du fait que les nouveaux IRM existent depuis trop peu de temps encore pour \u00eatre arriv\u00e9s \u00e0 maturit\u00e9."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223013C,\n author={Behrend, Robert},\n title={Research and Comparative Analysis of Fisheries and Oceans Canada},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223013C,\n author={Behrend, Robert},\n title={\\\u0027{E}tude et analyse comparatives du minist\\`{e}re des P\\^{e}ches et des Oc\\\u0027{e}ans},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"LEG-2223-006-M","is_published":"2022-05-26T12:57:04.000000Z","release_date":"2022-05-26T13:00:00.000000Z","updated_at":"2023-01-30T13:54:39.000000Z","type":"LEG","internal_id":"LEG-2223-006-M","title_en":"Luxury goods sales tax (update)","title_fr":"Taxe sur les ventes de produits de luxe (mise \u00e0 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PBO estimates that introduction of a luxury goods sales tax will generate $163 million of revenue in 2023-2024.","abstract_fr":"Le DPB estime que l\u2019instauration d\u2019une taxe sur les ventes de produits de luxe produira des revenus de 163 millions de dollars en 2023-2024.","highlights":[]},"bills":[{"id":340,"created_at":"2022-04-29T06:00:09-04:00","updated_at":"2023-01-30T08:54:39-05:00","legisid":"44_1_C-19","parliament":44,"session":1,"prefix":"C","number":19,"title_en":"An Act to implement certain provisions of the budget tabled in Parliament on April 7, 2022 and other measures","title_fr":"Loi portant ex\u00e9cution de certaines dispositions du budget d\u00e9pos\u00e9 au Parlement le 7 avril 2022 et mettant en oeuvre d\u0027autres 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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 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We project the federal debt-to-GDP ratio to peak at 47.7 per cent in 2021-22 and then gradually decline over the medium term to 42.3 per cent.","fr":"Le DPB pr\u00e9voit un d\u00e9ficit budg\u00e9taire de 139,8 milliards de dollars en 2021-2022 (5,6 % du PIB) et de 47,9 milliards de dollars en 2022-2023, soit 1,8 % du PIB. Le ratio de la dette f\u00e9d\u00e9rale au PIB devrait atteindre un sommet \u00e0 47,7 % du PIB en 2021-2022 avant de revenir progressivement \u00e0 moyen terme \u00e0 42,3 %."}},{"content":{"en":"Due to low interest rates, the cost of servicing the federal debt reached its lowest recorded level in 2020-21 of 7.2 per cent of tax revenues. While interest rates are projected to rise, the debt service ratio will remain low, reaching 11.5 per cent of tax revenues over the medium term.","fr":"\u00c9tant donn\u00e9 les faibles taux d\u2019int\u00e9r\u00eat, le co\u00fbt de service de la dette f\u00e9d\u00e9rale a atteint son niveau le plus bas enregistr\u00e9 en 2020-2021, \u00e0 7,2 % des recettes fiscales. Malgr\u00e9 la hausse anticip\u00e9e des taux d\u2019int\u00e9r\u00eat, le ratio du service de la dette du gouvernement demeurera bas, atteignant 11,5 % des recettes fiscales \u00e0 moyen terme."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2122030S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Ammar, Nasreddine and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Duncan, Krista and Forsyth, Jamie and Giswold, Jill and MacPhee, Sarah and Michalyshyn, Katarina and Segel-Brown, Ben and Sourang, Diarra and Vanderwees, Kaitlyn},\n title={Economic and Fiscal Outlook - March 2022},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2122030S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Ammar, Nasreddine and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Duncan, Krista and Forsyth, Jamie and Giswold, Jill and MacPhee, Sarah and Michalyshyn, Katarina and Segel-Brown, Ben and Sourang, Diarra and Vanderwees, Kaitlyn},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res - Mars 2022},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"RP-2122-031-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 Behrend, Robert},\n title={Budget suppl\\\u0027{e}mentaire des d\\\u0027{e}penses (C), 2021-2022},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"RP-2122-029-S","is_published":"2022-02-17T14:00:09.000000Z","release_date":"2022-02-17T14:00:00.000000Z","updated_at":"2022-02-17T14:00:09.000000Z","type":"RP","internal_id":"RP-2122-029-S","title_en":"House Price Assessment: A Borrowing Capacity Perspective","title_fr":"\u00c9valuation du prix des propri\u00e9t\u00e9s \u2013 Un portrait de la capacit\u00e9 d\u2019emprunt","slug":"RP-2122-029-S--house-price-assessment-borrowing-capacity-perspective--evaluation-prix-proprietes-un-portrait-capacite-emprunt","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2122-029-S--house-price-assessment-borrowing-capacity-perspective--evaluation-prix-proprietes-un-portrait-capacite-emprunt","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2122-029-S--house-price-assessment-borrowing-capacity-perspective--evaluation-prix-proprietes-un-portrait-capacite-emprunt"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2122-029-S--house-price-assessment-borrowing-capacity-perspective--evaluation-prix-proprietes-un-portrait-capacite-emprunt","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2122-029-S--house-price-assessment-borrowing-capacity-perspective--evaluation-prix-proprietes-un-portrait-capacite-emprunt"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/785783963a71613e7b560358ac7043a18300b26e53fffc2469543c1f13299989"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/dcc780f1a5a243d75d75d39335c535cb10029a023af33f3502ab87628fa01063"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5df06b2e6fd0bc96d6c3ba72ac6efe98baf0a8dbbbefc4c45d6f3527e0b5731d","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ab073c78653237bf6ec41fefee4b588af9b586f837cc11ad90d106f2dfd247ec","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/df0a3dd0e975075909c402708975583a03cc061663ad036b07fcf4cc28262beb","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/bd6245bcc4680166426225c5977fb1d14d0d7e31c278a8058074c816600c92c4","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/68faf2bf5fd5a5be015c12aaae72375b3c51e8970f1d2f1a7ebae0a2d5778a44","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e1c12ce3cc7a88554cbf01355b372ab17ebf9b316cba4551619b941bb6bfdd07","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2de79b91d7148cad87eb7f287f1507c9660051848065e7d2d15dcbdff1ade16c","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/62427ee29a4a6e07869b49a00990b4ec55946337570b3316ebf24fe6c8e676b3"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/89be24fcca51102bd68c17faaddb6d56cf44ad960ee624b5023444adaf6b95c3","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/32fe26ca936946d5e866765f7b19edcf2377c3a06898fb7d321f27d55615dfca","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/945db5bb2bca16c51da29f28ceba3ea79b7326f9432da7fc93c19ec83774b104","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/05054378adced749acea1b5107ec2bfa5219593520af8e7f9f02a19584f511ce","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2a10e336ee0e686fd9eac0030224933260261ab251973e3b93213537f8e88b5a","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/03663ba04ce574bd38ce52d34e87523450898858179eaca5f8c142bbe68f40fa","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cc1de44b819438275c47defab6f6ef66f045a1f50d327dcba2b50c504607ed96","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f861b27d432488d2539fcc8f556983c5e229b96c0f1cbb9ff5bde248c65c0afb"}}},"metadata":{"abstract_en":"This report provides an assessment of house prices relative to a household\u2019s capacity to borrow and pay for the purchase of a house in selected Canadian cities.","abstract_fr":"Ce rapport pr\u00e9sente une \u00e9valuation du prix des propri\u00e9t\u00e9s par rapport \u00e0 la capacit\u00e9 des m\u00e9nages d\u2019emprunter et de payer pour l\u2019achat d\u2019une maison dans certaines villes canadiennes.","highlights":[{"content":{"en":"Beginning in 2015\u2014and prior to the pandemic\u2014house prices in several cities (Hamilton, Toronto, Ottawa, Victoria, Halifax and Vancouver) \u201cde-linked\u201d from household borrowing capacity, rising 20 per cent, or higher, above affordable prices.","fr":"\u00c0 partir de 2015, et avant la pand\u00e9mie, le prix des propri\u00e9t\u00e9s dans plusieurs villes (Hamilton, Toronto, Ottawa, Victoria, Halifax et Vancouver) s\u2019est \u00ab dissoci\u00e9 \u00bb de la capacit\u00e9 d\u2019emprunt des m\u00e9nages, s\u2019\u00e9levant \u00e0 20 %, ou m\u00eame plus, au-dessus des prix abordables."}},{"content":{"en":"Household borrowing capacity increased during the pandemic due to lower interest rates and COVID-19 financial support. However, further increases in house prices far outpaced gains in borrowing capacity, resulting in wider gaps in affordability.","fr":"La capacit\u00e9 d\u2019emprunt des m\u00e9nages a augment\u00e9 pendant la pand\u00e9mie en raison de la baisse des taux d\u2019int\u00e9r\u00eat et du soutien financier li\u00e9 \u00e0 la COVID-19. Toutefois, les nouvelles augmentations du prix des propri\u00e9t\u00e9s ont largement d\u00e9pass\u00e9 les gains sur le plan de la capacit\u00e9 d\u2019emprunt, ce qui a entra\u00een\u00e9 des \u00e9carts d\u2019accessibilit\u00e9 plus importants."}},{"content":{"en":"At the end of 2021, the average house price nationally was $811,700\u2014an increase of 43 per cent from December 2019 and a 97 per cent increase compared to January 2015.","fr":"\u00c0 la fin de 2021, le prix moyen des propri\u00e9t\u00e9s \u00e0 l\u2019\u00e9chelle nationale \u00e9tait de 811 700 $ \u2013 soit 43 % de plus qu\u2019en d\u00e9cembre 2019 et 97 % de plus qu\u2019en janvier 2015."}},{"content":{"en":"We estimate that in December 2021, average house prices in Hamilton, Toronto, Halifax and Ottawa were more than 50 per cent above affordable levels, based on household borrowing capacity.","fr":"Nous estimons que, en d\u00e9cembre 2021, le prix moyen des propri\u00e9t\u00e9s \u00e0 Hamilton, Toronto, Halifax et Ottawa \u00e9taient sup\u00e9rieurs de plus de 50 % aux niveaux abordables, selon la capacit\u00e9 d\u2019emprunt des m\u00e9nages."}},{"content":{"en":"While approximate, our results suggest that household financial vulnerability is elevated in several cities for households that have recently purchased homes.","fr":"Bien qu\u2019approximatifs, nos r\u00e9sultats sugg\u00e8rent que la vuln\u00e9rabilit\u00e9 financi\u00e8re des m\u00e9nages qui ont r\u00e9cemment achet\u00e9 une maison est \u00e9lev\u00e9e dans plusieurs villes."}}]},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2122029S,\n author={Behrend, Robert and Liberge-Simard, Rapha\\\u0022{e}l},\n title={House Price Assessment: A Borrowing Capacity Perspective},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2122029S,\n author={Behrend, Robert and Liberge-Simard, Rapha\\\u0022{e}l},\n title={\\\u0027{E}valuation du prix des propri\\\u0027{e}t\\\u0027{e}s - 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federal student financial assistance, including support under the Canada Student Loans Program (CSLP).","abstract_fr":"Changement \u00e0 l\u2019aide financi\u00e8re f\u00e9d\u00e9rale aux \u00e9tudiants, y compris l\u2019aide en vertu du Programme canadien de pr\u00eats aux \u00e9tudiants (PCPE).","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-LEG2122012S,\n author={Behrend, Robert and Creighton, Mark},\n title={Modifications to federal financial assistance supports for students and recent graduates},\n institution={The Office of the Parliamentary Budget Officer},\n year=2021,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2122012S,\n author={Behrend, Robert and Creighton, Mark},\n title={Changements aux mesures f\\\u0027{e}d\\\u0027{e}rales d\u2019aide financi\\`{e}re aux \\\u0027{e}tudiants et aux nouveaux dipl\\^{o}m\\\u0027{e}s},\n institution={Bureau du directeur parlementaire du budget},\n year=2021,\n \n address = \u0022Ottawa, ON\u0022\n}"}} 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It does not attempt to establish a spending gap between federal government health spending for First Nations and Inuit and provincial\/territorial government health spending for all residents of Canada.","abstract_fr":"Plusieurs parlementaires ont indiqu\u00e9 qu\u2019il serait utile que le DPB produise une analyse, en dollars et par habitant, du financement provincial et territorial des soins de sant\u00e9 ainsi que du financement que verse Services aux Autochtones Canada pour les Premi\u00e8res Nations et les Inuits par l\u2019interm\u00e9diaire de la Direction g\u00e9n\u00e9rale de la sant\u00e9 des Premi\u00e8res Nations et des Inuits.\n\nCe rapport offre un aper\u00e7u analytique des d\u00e9penses des gouvernements f\u00e9d\u00e9ral, provinciaux et territoriaux pour les soins de sant\u00e9 aux populations inuites et des Premi\u00e8res Nations. Il ne vise pas \u00e0 \u00e9tablir s\u2019il existe un \u00e9cart entre les d\u00e9penses du gouvernement f\u00e9d\u00e9ral pour les soins de sant\u00e9 aux Premi\u00e8res Nations et aux Inuits et les d\u00e9penses des gouvernements provinciaux et territoriaux pour tous les r\u00e9sidents du Canada.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2122005S,\n author={Behrend, Robert and Forsyth, Jamie and Mohamed Ahmed, Salma},\n title={Federal Spending on First Nations and Inuit Health Care},\n institution={The Office of the Parliamentary Budget Officer},\n year=2021,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2122005S,\n author={Behrend, Robert and Forsyth, Jamie and Mohamed Ahmed, Salma},\n title={D\\\u0027{e}penses f\\\u0027{e}d\\\u0027{e}rales pour les soins de sant\\\u0027{e} aux Premi\\`{e}res Nations et aux Inuits},\n institution={Bureau du directeur parlementaire du budget},\n year=2021,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"RP-2021-046-S","is_published":"2021-03-31T13:00:05.000000Z","release_date":"2021-03-31T13:00:00.000000Z","updated_at":"2021-04-09T14:19:48.000000Z","type":"RP","internal_id":"RP-2021-046-S","title_en":"Pre-Budget Outlook","title_fr":"Perspectives 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Financial results for fiscal year 2019-20 shown in this report are PBO estimates and not final Public Accounts results.","abstract_fr":"Le pr\u00e9sent rapport propose une pr\u00e9vision de r\u00e9f\u00e9rence pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et financiers possibles dans le cadre des politiques actuelles. **Les perspectives du DPB ne constituent pas une pr\u00e9diction des r\u00e9sultats \u00e9conomiques et financiers futurs.**\n\nCe rapport tient compte des mesures budg\u00e9taires f\u00e9d\u00e9rales annonc\u00e9es jusqu\u2019au 1er septembre 2020 inclusivement. Les r\u00e9sultats financiers de l\u2019exercice 2019-2020 pr\u00e9sent\u00e9s dans ce rapport sont des estimations du DPB et non les r\u00e9sultats d\u00e9finitifs des comptes publics.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2021027S,\n author={Grinshpoon, Kristina and Scholz, Tim and Behrend, Robert and Bergeron, \\\u0027{E}tienne and Devakos, Tessa and Elmarzougui, Eskandar and Forsyth, Jamie and Giswold, Jill and Liberge-Simard, Rapha\\\u0022{e}l and MacPhee, Sarah and Mohamed Ahmed, Salma and Nahornick, Nora and Nicol, Caroline and Sourang, Diarra and Wodrich, Nigel},\n title={Economic and Fiscal Outlook - September 2020},\n institution={The Office of the Parliamentary Budget Officer},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2021027S,\n author={Grinshpoon, Kristina and Scholz, Tim and Behrend, Robert and Bergeron, \\\u0027{E}tienne and Devakos, Tessa and Elmarzougui, Eskandar and Forsyth, Jamie and Giswold, Jill and Liberge-Simard, Rapha\\\u0022{e}l and MacPhee, Sarah and Mohamed Ahmed, Salma and Nahornick, Nora and Nicol, Caroline and Sourang, Diarra and Wodrich, Nigel},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res - Septembre 2020},\n institution={Bureau du directeur parlementaire du budget},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"RP-2021-020-S","is_published":"2021-01-26T20:16:02.000000Z","release_date":"2020-09-03T04:00:00.000000Z","updated_at":"2021-01-26T20:16:02.000000Z","type":"RP","internal_id":"RP-2021-020-S","title_en":"Federal Support through Major Transfers to Provincial and Territorial Governments","title_fr":"Soutien f\u00e9d\u00e9ral : Principaux transferts aux gouvernements provinciaux et territoriaux","slug":"RP-2021-020-S--federal-support-through-major-transfers-to-provincial-territorial-governments--soutien-federal-principaux-transferts-aux-gouvernements-provinciaux-territoriaux","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2021-020-S--federal-support-through-major-transfers-to-provincial-territorial-governments--soutien-federal-principaux-transferts-aux-gouvernements-provinciaux-territoriaux","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2021-020-S--federal-support-through-major-transfers-to-provincial-territorial-governments--soutien-federal-principaux-transferts-aux-gouvernements-provinciaux-territoriaux"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2021-020-S--federal-support-through-major-transfers-to-provincial-territorial-governments--soutien-federal-principaux-transferts-aux-gouvernements-provinciaux-territoriaux","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2021-020-S--federal-support-through-major-transfers-to-provincial-territorial-governments--soutien-federal-principaux-transferts-aux-gouvernements-provinciaux-territoriaux"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/aec36df21a0e4392855f082c4217cc2f726c223fa32f03babce922bec68ce5c7"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/47f789542f4dfd1d269f4c10248c9d930a315b04d7f4d7afc246bcbab25d22ab"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/26027adedafa1e7c1c52619e7355fc5c3cebddf9","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/46661f966b30b88bbe39c56b4d7a86333a23a838","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9de56e5713ada33c994308f2fb644b7cc7fc71a4","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/008fdde184a29d9b57d57aa9758043656c0c8f19","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7e90f62c8995be0f10fd0fef1f51448889b9e9c5","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/301cb880d5e26489eacf49c83810eebe5b7ccc0c","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/deb9a76e6bd57945c1dc9015f4cbc5b78708c781","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/68fd973e31ff33041e07c11fa9653a3f968fff4f"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/17b0d04e1937e42d4ae211a7c3532f00a9dacdb7","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ac5cd93c70177225beda02e371dfba93a9ec054f","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0d73481b9a1135f9203cfcd304f184b9faf4e3bb","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ad7b2233e919a703aa3d09fef3c04a25b302bf18","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/75fd40b1a0abb813d2c8043d01f18d8798efc92e","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c07825507cd615ffa31252c2b7d986b924f3a215","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8afba52804a1086cea6563e69e20edabb937e3e2","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0a3d9177bd09851f3e5bb6265f02448103092571"}}},"metadata":{"abstract_en":"This report examines federal support through major transfers to provincial and territorial governments over 2008-09 to 2018-19.","abstract_fr":"Le pr\u00e9sent rapport examine le soutien que le gouvernement f\u00e9d\u00e9ral a apport\u00e9 aux gouvernements provinciaux et territoriaux entre 2008 2009 et 2018-2019 au moyen des principaux paiements de transfert.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2021020S,\n author={Busby, Carleigh and Behrend, Robert},\n title={Federal Support through Major Transfers to Provincial and Territorial Governments},\n institution={The Office of the Parliamentary Budget Officer},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2021020S,\n author={Busby, Carleigh and Behrend, Robert},\n title={Soutien f\\\u0027{e}d\\\u0027{e}ral : Principaux transferts aux gouvernements provinciaux et territoriaux},\n institution={Bureau du directeur parlementaire du budget},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"RP-2021-009-S","is_published":"2021-01-26T20:16:02.000000Z","release_date":"2020-06-18T04:00:00.000000Z","updated_at":"2021-07-20T18:54:22.000000Z","type":"RP","internal_id":"RP-2021-009-S","title_en":"Scenario Analysis Update: COVID-19 Pandemic and Oil Price Shocks","title_fr":"Mise \u00e0 jour de l\u2019analyse de sc\u00e9nario : chocs dus \u00e0 la pand\u00e9mie de la COVID-19 et \u00e0 la chute des prix du p\u00e9trole","slug":"RP-2021-009-S--scenario-analysis-update-covid-19-pandemic-oil-price-shocks--mise-jour-analyse-scenario-chocs-dus-pandemie-covid-19-chute-prix-petrole","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2021-009-S--scenario-analysis-update-covid-19-pandemic-oil-price-shocks--mise-jour-analyse-scenario-chocs-dus-pandemie-covid-19-chute-prix-petrole","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2021-009-S--scenario-analysis-update-covid-19-pandemic-oil-price-shocks--mise-jour-analyse-scenario-chocs-dus-pandemie-covid-19-chute-prix-petrole"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2021-009-S--scenario-analysis-update-covid-19-pandemic-oil-price-shocks--mise-jour-analyse-scenario-chocs-dus-pandemie-covid-19-chute-prix-petrole","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2021-009-S--scenario-analysis-update-covid-19-pandemic-oil-price-shocks--mise-jour-analyse-scenario-chocs-dus-pandemie-covid-19-chute-prix-petrole"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/1db1d0d4eacedb3f2f1b1ef08ab36f802f5c3a758e562dd11574c57b143c4ef4"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/6f88b6ea3b83a8472303467b91f3e4969ea97f4290623fec354711254ff9b3c8"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7f38c7c8e4898644cbc382fc299d889476c2ac59","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fc9decf395b7e3f0a56fbaf51c5c92f9739cbc96","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/20ed4163a68ead017cb0bf396accc87cc0ef6182","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/061688c2206886a1e1902da3d227b8ba0739cc4b","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/dd404991c0ebfaf61cfeafced1b4de9e63da1cdc","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ae5bc66544e4ec986baafc92da2cce9b0e55d23f","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f7a239572fdf92f2475ea82a2b953b59bc285c25","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cbe53d45806e96f4157c203e61d3d989c1e52b04"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8bd6c59d533127d9d9638542391b8a8bbba6141a","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/68e45b805e4c6f7abc370318dec8c3ab257aa1c9","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/281770366663561a563506babd2a907530a4507a","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6d64e91d585d3c82c9c88ab900e69d02acadd623","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e63abe04f99db2578e78e12f21664c0f66fc7517","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/54b27b3f2aaf4d2fbcac814c5422f7c63eb3c19f","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/948f75ee2ee7f2f1cf265a8fd65d742cd7770e5d","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a7ab304b835e9077c78430c77ea5d6a0f66084a9"}}},"metadata":{"abstract_en":"This report provides an updated scenario analysis to help parliamentarians gauge potential economic and fiscal implications of the COVID-19 pandemic and recent oil market developments.\nThis report incorporates announced federal budgetary measures up to and including 12 June 2020.","abstract_fr":"Le pr\u00e9sent rapport propose une mise \u00e0 jour de l\u2019analyse de sc\u00e9nario pour aider les parlementaires \u00e0 \u00e9valuer les possibles r\u00e9percussions \u00e9conomiques et financi\u00e8res de la pand\u00e9mie de COVID-19 et des d\u00e9veloppements r\u00e9cents sur le march\u00e9 du p\u00e9trole.\nCe rapport tient compte des mesures f\u00e9d\u00e9rales annonc\u00e9es jusqu\u2019au 12 juin 2020 inclusivement.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2021009S,\n author={Grinshpoon, Kristina and Scholz, Tim and Behrend, Robert and Bergeron, \\\u0027{E}tienne and Devakos, Tessa and Elmarzougui, Eskandar and Forsyth, Jamie and Giswold, Jill and Liberge-Simard, Rapha\\\u0022{e}l and MacPhee, Sarah and Mohamed Ahmed, Salma and Nicol, Caroline and Wodrich, Nigel},\n title={Scenario Analysis Update: COVID-19 Pandemic and Oil Price Shocks},\n institution={The Office of the Parliamentary Budget Officer},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2021009S,\n author={Grinshpoon, Kristina and Scholz, Tim and Behrend, Robert and Bergeron, \\\u0027{E}tienne and Devakos, Tessa and Elmarzougui, Eskandar and Forsyth, Jamie and Giswold, Jill and Liberge-Simard, Rapha\\\u0022{e}l and MacPhee, Sarah and Mohamed Ahmed, Salma and Nicol, Caroline and Wodrich, Nigel},\n title={Mise \\`{a} jour de l\u2019analyse de sc\\\u0027{e}nario : chocs dus \\`{a} la pand\\\u0027{e}mie de la COVID-19 et \\`{a} la chute des prix du p\\\u0027{e}trole},\n institution={Bureau du directeur parlementaire du budget},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}"}} {"id":"LEG-2021-027-S","is_published":"2021-01-26T20:16:02.000000Z","release_date":"2020-06-09T04:00:00.000000Z","updated_at":"2021-01-26T20:16:02.000000Z","type":"LEG","internal_id":"LEG-2021-027-S","title_en":"Canada Emergency Student Benefit (CESB)","title_fr":"Prestation canadienne d\u2019urgence pour les \u00e9tudiants (PCUE)","slug":"LEG-2021-027-S--canada-emergency-student-benefit-cesb--prestation-canadienne-urgence-etudiants-pcue","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2021-027-S--canada-emergency-student-benefit-cesb--prestation-canadienne-urgence-etudiants-pcue","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2021-027-S--canada-emergency-student-benefit-cesb--prestation-canadienne-urgence-etudiants-pcue"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2021-027-S--canada-emergency-student-benefit-cesb--prestation-canadienne-urgence-etudiants-pcue","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2021-027-S--canada-emergency-student-benefit-cesb--prestation-canadienne-urgence-etudiants-pcue"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/581022ebe013e6b8d6a0c5df41b3ff863609b5e1e8e391f45689877489a152f2"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/100e804ec2370dce2d623d65dc0f6d9ac5a49091d4d9ab9f340b5f5ec701637c"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ac367af577a3cd3951e7b2bed892ce2426874977","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5ae4302504b63f5dd6c8ce5c018139c822b00187","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3f4c69d2cea79fed0cdf1ca1aefa164d6a13ccc7","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/56dd8fabb5d9fc65d25411ef4b70f9d34054ab20","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6b6ef04900f544b0a0bc6ffde9497c12ebdd8c77","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/58daf498e80b21e2516498135d226e9b11a4eb84","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/25c119650ddcbd6a2545eb9ca2fec7a11e3101a9","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/482e023a825a133f9381d624ac08e9b2091c36ce"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a70d43632cd4483c718c8652033f21b2f1527914","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ac1d82dd4f91bcac108d0e34089fa5df0baab503","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/38ad597830464f68d150f9ecd549576ffcc59bc2","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4cf7baf82973fb0c1f3e16c19478a54df8268d9c","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/af502ab496cc45e500141a3cb25d077f0e1ec8c6","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9f743341633656a0e3cc3b80970919e90aa0c0f3","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/35f4bb70a6a4382dd1d47c3410a7ff4817589c64","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8b5e57b9bfa2c70afbfaa6a1703badf6d11e3f43"}}},"metadata":{"abstract_en":"Providing $1,250 per month for eligible students or $2,000 per month for eligible students with dependents or a disability from May to August 2020.\nCanada Emergency Student Benefit (CESB) is a taxable benefit that would provide support to students and new graduates who are not eligible for the Canada Emergency Response Benefit or Employment Insurance or who are unable to work due to COVID-19. Students who earn less than $1,000 in a 4-week period are also eligible for the CESB. \nStudents are defined as Canadian citizens or permanent residents in Canada enrolled in a post-secondary educational program that leads to a degree, diploma or certificate, at any time between December 1, 2019, and August 31, 2020. In addition, secondary school graduates this year that applied for or plan to enroll in programs that will begin before February 1, 2021, are eligible. \nPBO estimates total net cost of this measure to be $5.9 billion in 2020-21 reaching approximately 1.1 million unique recipients. This includes an estimated cost of $6.0 billion for the benefit and an estimated cost recovery of $163 million for 2020 tax revenues. No additional administrative costs are anticipated. \nThe time horizon for this costing is aligned to PBO\u2019s current Economic and Fiscal Scenario, although there may be potential fiscal impacts for subsequent years.","abstract_fr":"De mai \u00e0 ao\u00fbt 2020, verser aux \u00e9tudiants admissibles 1 250 dollars par mois, ou 2 000 dollars par mois \u00e0 ceux qui ont des personnes \u00e0 charge ou un handicap.\nLa Prestation canadienne d\u2019urgence pour les \u00e9tudiants (PCUE) est imposable; elle s\u2019adresse aux \u00e9tudiants et aux nouveaux dipl\u00f4m\u00e9s qui ne sont pas admissibles \u00e0 la Prestation canadienne d\u2019urgence (PCU) ni \u00e0 l\u2019assurance emploi ou qui sont incapables de travailler \u00e0 cause de la COVID 19. Les \u00e9tudiants gagnant moins de 1 000 dollars sur une p\u00e9riode de quatre semaines ont aussi droit \u00e0 la PCUE.\nPour \u00eatre admissibles, les \u00e9tudiants doivent \u00eatre citoyens canadiens ou r\u00e9sidents permanents au Canada et \u00eatre inscrits \u00e0 un programme d\u2019\u00e9tudes postsecondaires menant \u00e0 un dipl\u00f4me ou un certificat, \u00e0 un moment ou \u00e0 un autre entre le 1er d\u00e9cembre 2019 et le 31 ao\u00fbt 2020. Sont aussi admissibles les dipl\u00f4m\u00e9s du secondaire de cette ann\u00e9e qui se sont inscrits ou pr\u00e9voient s\u2019inscrire \u00e0 des programmes qui commenceront avant le 1er f\u00e9vrier 2021.\nLe DPB estime que cette mesure, destin\u00e9e \u00e0 environ 1,1 million de prestataires uniques, aura un co\u00fbt total net de 5,9 milliards de dollars en 2020 2021. Cela comprend un co\u00fbt estim\u00e9 \u00e0 6,0 milliards de dollars pour la prestation elle m\u00eame et un recouvrement estim\u00e9 \u00e0 163 millions de dollars au titre des recettes fiscales pour 2020. Aucun co\u00fbt administratif suppl\u00e9mentaire n\u2019est pr\u00e9vu.\nL\u2019horizon temporel de cette \u00e9valuation de co\u00fbt est align\u00e9 sur le sc\u00e9nario \u00e9conomique et fiscal actuel du DPB, bien qu\u2019il puisse y avoir des impacts fiscaux potentiels pour les ann\u00e9es suivantes.","highlights":null},"bills":[],"bibtex":{"en":"@techreport{PBO-LEG2021027S,\n author={Behrend, Robert and Devakos, Tessa},\n title={Canada Emergency Student Benefit (CESB)},\n institution={The Office of the Parliamentary Budget Officer},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2021027S,\n author={Behrend, Robert and Devakos, Tessa},\n title={Prestation canadienne d\u2019urgence pour les \\\u0027{e}tudiants (PCUE)},\n institution={Bureau du directeur parlementaire du budget},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}"}}