Tags » Parliamentary Budget Office

Close to $9.5 billion in approved federal funds unspent

The federal government sat on close to $9.5 billion in approved expenditures last fiscal year, including $2 billion in unspent funding for the Department of National Defence, as it tried to balance the books during an election year. 797 more words

National

'Gaming the system': PS sick leave not always about being sick, expert finds

Canada’s public servants take up to twice the number of sick days a year as private sector workers do, because of different motivations, work cultures and rules that encourage “gaming the system,” says a new report by the Macdonald-Laurier Institute. 1,080 more words

National

Stephen Gordon: Dissecting the labour market

The Parliamentary Budget Office (PBO) released its assessment of the Canadian labour market last week, concluding that “labour market indicators have improved or are unchanged over the past year.” Nonetheless, its reading of the evidence suggests “continued slack in the Canadian labour market.” I’m not so sure. 881 more words

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Hadekel: Fiscal outlook tightens for new Liberal government in Ottawa

It’s almost become a rite of passage when a new government takes power.

The incoming finance minister takes a look at the books and announces that he’s shocked, yes, shocked to discover that things are a lot worse than he thought. 644 more words

Business

Kelly McParland: Liberals start their new life another day older and deeper in debt

The number one, immutable rule of deficit spending is this: The need to borrow is always greater than you think, the debt always grows faster than expected, spending needs never decrease and no one wants to repay the loan when times get “good,” because times are never good enough to satisfy the public. 655 more words

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Morneau defends deficit spending plans saying fiscal update coming before the year-end

OTTAWA — Canada’s new finance minister doesn’t dispute the economy is facing increasing threats to growth, but Bill Morneau did not indicate he was backing down from the Liberal pledge to spend billions of dollars on infrastructure projects before rebalancing the budget. 549 more words

Economy

Kevin Page delivers a warning to the public service

Kevin Page was Canada’s first parliamentary budget officer, appointed by Stephen Harper. He served from March 2008 to March 2013. His new book, Unaccountable: Truth and Lies on Parliament Hill, recounts his tumultuous relationship with the federal government and departments that often stonewalled on sharing information with the PBO. 1,935 more words

National