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Disaster-related costs to increase by $1 billion by 2034. PBO says
Federal disaster assistance costs in Canada are projected to rise to over $1.8 billion by 2034 due to more frequent wildfires and storms, the Parliamentary Budget Officer said.
- On October 23, 2025, the Parliamentary Budget Officer projected program costs will rise from about $881 million last fiscal year to more than $1.8 billion by 2034.
- PBO modelling suggests wildfires and storms have increased while floods stayed constant, and average disaster costs are higher than 15 years ago due to stronger storms and population growth in high-risk areas.
- Under the program, the Disaster Financial Assistance Arrangement helps provinces and territories recover from floods, wildfires and major storms, with projections of assistance averaging $1.2 billion, $325 million, and $258 million annually.
- The PBO warned federal assistance to help Canadians recover from natural disasters could increase by more than $1 billion over the next 10 years, supporting provinces and territories responding to floods, wildfires and major storms.
- Rising per-disaster costs mean PBO modelling links storms getting more powerful and population in high-risk areas to higher projected federal assistance through 2034.
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Winnipeg Free Press+26 Reposted by 26 other sources
Disaster-related costs to increase by $1 billion by 2034. PBO says
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The BPD indicates that the average cost of each disaster is much higher. The post Disaster costs will increase by $1 billion by 2034 appeared first on Les Affaires.
In its most recent report, the BPD estimates that federal response costs under the Disaster Financial Assistance Arrangements (DFAA) program will almost double, from an average of $881 million per year between 2010 and 2024 to $1.8 billion per year between 2025 and 2034. Floods are expected to be the most costly disaster, with an annual cost of approximately $1.2 billion for the federal government. Forest fires then arrive at $325 million per ye…
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Leaning Left17Leaning Right0Center3Last UpdatedBias Distribution85% Left
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L 85%
15%
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