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Federal deficit could hit $256 billion, PBO says in new report

OTTAWA – The federal deficit could be on track to hit $256 billion this fiscal year due to the COVID-19 pandemic, Parliament’s budget watchdog says in a new estimate that doesn’t account for this week’s extension to a cornerstone benefit for workers. Budget officer Yves Giroux’s report said the deficit

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PBO to report on cost of revamped CERB as MPs meet to debate changes

OTTAWA – Parliament’s spending watchdog will detail today the possible costs associated with extending and changing the Canada Emergency Response Benefit. Budget officer Yves Giroux’s report scheduled to be released this morning comes as the House of Commons is set to discuss proposed changes to the COVID-19 pandemic-related aid. Prime

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PBO to estimate hit to federal deficit caused by COVID-19 pandemic

OTTAWA — Canadians will get an idea today of what the COVID-19 pandemic could mean for Canada’s economy and the federal government’s balance sheet, with the release of a new report from the parliamentary budget officer. Yves Giroux is planning to post on his website this morning a “scenario analysis”

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PBO says federal deficit to reach $112 billion due to COVID-19

The Canadian Press Published Friday, March 27, 2020 5:50AM EDT Last Updated Friday, March 27, 2020 12:35PM EDT OTTAWA – Parliament’s budget watchdog is projecting that the federal deficit for the coming fiscal year could be $112.7 billion, a jump of $89.5 billion from previous forecasts as government spending climbs

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Federal government has room to spend more: PBO

OTTAWA — Parliament’s budget watchdog says the federal government has room to increase spending and still remain financially sustainable over the long run, though the same can’t be said for many provinces. Parliamentary budget officer Yves Giroux says based on current policies and programs, the federal government could permanently increase

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Feds’ housing program not as effective as advertised: PBO

OTTAWA — The federal government’s 10-year housing strategy may not be as effective as promised when it comes to easing Canada’s housing crunch, the parliamentary budget officer warned Tuesday in a new report that suggests the Liberals have oversold the program’s impacts and finances. Parliament’s spending watchdog is questioning whether

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