The Decibel What to look out for in the 2025 federal budget
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Nov 4, 2025 Yves Giroux, former Parliamentary Budget Officer and now president of the Association of Quebec Economists, shares keen insights into the upcoming federal budget. He discusses the significance of fiscal planning and the PBO's role in providing impartial analysis. Yves highlights the importance of scrutinizing economic forecasts, deficits, and potential public sector job cuts. He also touches on the implications of a minority government on budget approval and the challenge of maintaining balanced budgets amidst ambitious spending goals. Tune in for an engaging breakdown!
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Budget Is The Government's Roadmap
- The budget lays out the government's fiscal plan including spending, revenues, and policy priorities.
- It signals economic expectations and shapes program and tax decisions for years ahead.
PBO Balances Parliamentary Information
- The PBO supplies nonpartisan forward-looking analysis to reduce information imbalance in Parliament.
- It gives opposition MPs access to independent economic forecasts and cost estimates they otherwise lack.
Check Forecasts And Costing Closely
- Scrutinize the government's economic forecasts and how realistic they are before trusting deficit projections.
- Check major measures for credible costing and whether hidden items lack price tags.