Canada Markets closed
  • S&P/TSX

    20,101.38
    -389.63 (-1.90%)
     
  • S&P 500

    3,923.68
    -165.17 (-4.04%)
     
  • DOW

    31,490.07
    -1,164.52 (-3.57%)
     
  • CAD/USD

    0.7758
    -0.0050 (-0.6424%)
     
  • CRUDE OIL

    109.06
    -3.34 (-2.97%)
     
  • BTC-CAD

    37,582.59
    -1,486.93 (-3.81%)
     
  • CMC Crypto 200

    650.57
    -20.11 (-3.00%)
     
  • GOLD FUTURES

    1,815.00
    -3.90 (-0.21%)
     
  • RUSSELL 2000

    1,774.85
    -65.45 (-3.56%)
     
  • 10-Yr Bond

    2.8860
    -0.0820 (-2.76%)
     
  • NASDAQ

    11,418.15
    -566.37 (-4.73%)
     
  • VOLATILITY

    30.96
    +4.86 (+18.62%)
     
  • FTSE

    7,438.09
    -80.26 (-1.07%)
     
  • NIKKEI 225

    26,911.20
    +251.45 (+0.94%)
     
  • CAD/EUR

    0.7413
    +0.0016 (+0.22%)
     

PBO is ‘so far removed’ from its original mandate

In late January, Parliamentary Budget Officer Yves Giroux released a report focusing on the economic and fiscal update provided in 2021. One of the findings of the report questions whether the government’s stimulus spending plans were necessary, given economic indicators such as the employment rate have returned to pre-pandemic levels. “It appears to me that the rationale for the additional spending initially set aside as ‘stimulus’ no longer exists,” Giroux said.

On this episode of Editor's Edition, Alicja Siekierska and the Public Policy Forum's Sean Speer take a look at the latest PBO report. While Speer agrees with the analysis provided by the PBO, he says the report is an example of how the office has steered away from its original mandate. “If the case for the PBO is going to be a kind of oppositional voice to the government, it seems to me it’s so far removed from its mandate that it’s probably no longer justified and we should blow it up and start over again,” Speer said.

If you have any policy-related questions, or feedback about the show, please email alicja@yahoofinance.com.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting