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Published 3 years ago

PBO says reformed fiscal stabilization program to cost Ottawa $4.5 billion

Summary by 680 News
OTTAWA — Canada’s parliamentary budget officer says reforms to a federal support program for provinces will nearly triple the cost to Ottawa next year, with the price tag projected to be about $4.5 billion.Yves Giroux says the government’s fiscal stabilization program, which transfers cash to provinces that experience steep year-over-year revenue drops, will increase by $2.9 billion in fiscal 2021-22.

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Budget watchdog says reformed fiscal stabilization program will cost Ottawa $4.5 billion

Reforms to a federal support program for provinces will nearly triple the cost to Ottawa next year, with the price tag projected to be about $4.5 billion, says Canada's parliamentary budget officer.

3 years ago·Canada
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680 News680 News

PBO says reformed fiscal stabilization program to cost Ottawa $4.5 billion

OTTAWA — Canada’s parliamentary budget officer says reforms to a federal support program for provinces will nearly triple the cost to Ottawa next year, with the price tag projected to be about $4.5 billion.Yves Giroux says the government’s fiscal stabilization program, which transfers cash to provinces that experience steep year-over-year revenue drops, will increase by $2.9 billion in fiscal 2021-22.Prime Minister Justin Trudeau announced a maj…

3 years ago·Toronto, Canada
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