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How Government Works PBO’s Role FMI Capital Chapter PD Day

Mostafa Askari Assistant Parliamentary Budget Officer, Canada. How Government Works PBO’s Role FMI Capital Chapter PD Day. Ottawa, May 22, 2014. Outline. Why was PBO created?. How does PBO help government and parliament work better ?. What has PBO done so far?.

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How Government Works PBO’s Role FMI Capital Chapter PD Day

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  1. Mostafa Askari Assistant Parliamentary Budget Officer, Canada How Government WorksPBO’s RoleFMI Capital Chapter PD Day Ottawa, May 22, 2014

  2. Outline

  3. Why was PBO created?

  4. How does PBO help government and parliamentworkbetter?

  5. What has PBO done so far?

  6. Economic outlook: growth in economic activity %

  7. Economic outlook: Impact of restraint measures

  8. Economic outlook: Nominal GDP Billions of dollars

  9. Fiscal forecast: Statement of operation billions of dollars

  10. Fiscal forecast: Outlook for revenues and expenses

  11. Fiscal forecast: Fan chart Chance of balanced budget or better

  12. Fiscal forecast: Structural balance • billions of dollars

  13. Fiscal forecast: Structural balance billions of dollars

  14. Fiscal sustainability: Demographic projection

  15. Fiscal sustainability: federal fiscal structure billions of dollars

  16. Fiscal sustainability: Other levels of government fiscal structure billions of dollars

  17. Fiscal sustainability: CPP/QPP fiscal structure

  18. Fiscal sustainability: Fiscal gap % of real GDP

  19. Challenges

  20. “If the House of Commons by any possibility lose the power of the control of the grants of public money, depend upon it, your very liberty will be worth very little in comparison.” William Ewart Gladstone, 1891

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