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Parliamentary budget officer News

Canada's pensions sustainable after all says PBO Kevin Page

Ottawa - Today Canada's chief economist released revised estimates of the sustainability of Canada's OAS (Old Age Security) and GIS (Guaranteed Income Supplement) pensions, based upon the change in CHT payments which after 2016-17 will be tied to the GDP.

In the Media by Hans Smedbol - 9 comments

Page says Canada's fiscal structure is 'Not Sustainable'

An in-depth analysis of Canada's fiscal structure shows the system is not sustainable said Canada's Parliamentary Budget Officer, Kevin Page. Prime Minister Stephen Harper appointed Page to ensure government accountability.

In the Media by Stephanie Dearing - 4 comments

Canada's Finance Minister denies any problem with deficit

The Canadian Finance Minister, Jim Flaherty, dsimissed the Parliamentary Budget Officer's report, which warned of a structural deficit for Canada.

In the Media by Stephanie Dearing

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Old Age Security sustainable, says budget watchdog

Parliamentary Budget Officer Kevin Page says the cost of elderly benefit programs are affordable in the long term and won't affect Canada's fiscal sustainability.

Eliminating conditional sentences could cost millions

The parliamentary budget officer estimates that changing the rules for conditional sentences could cost taxpayers an additional $145 million because of increased parole reviews and prosecutions resulting in trials.

Budget wachdog accused of being too pessimistic

Government members of the House of Commons finance committee challenged forecasts by Parliamentary Budget Officer Kevin Page that spending cuts and restraint announced in last month's federal budget will result in slower growth and the loss of about 100,000 jobs.

Kevin Page says defence purchasing 'broken' and 'wrong'

Parliamentary budget officer Kevin Page says the process National Defence uses to buy equipment is broken if the way it handled the F-35 fighter jet program is normal.

Old Age Security affordable without changes, watchdog says

Canada can afford its Old Age Security system without making younger Canadians wait an extra two years to receive benefits, Parliamentary Budget Officer Kevin Page said in a report Thursday.