Budget Officer Report Suggests Feds’ Current Fiscal Policy Sustainable Over Long Term

Parliamentary Budget Officer Yves Giroux waits to appear before the House of Commons Finance Committee on Parliament Hill in Ottawa on March 10, 2020. The Canadian Press/Adrian Wyld

The Parliamentary Budget Officer (PBO) has released an assessment of the sustainability of Canada’s government finances and concluded that the country’s current fiscal policy is sustainable over the long term.

This refers to “federal and subnational governments and public pension plans combined,” according to Fiscal Sustainability Report 2023, noting “fiscal sustainability means that government debt does not grow continuously as a share of the economy.”