David Raymond Amos @DavidRayAmos
Replying to @DavidRayAmos @alllibertynews and 49 others
Methinks folks can trust that I called the PBO Yves Giroux this morning and talked to two of his people about doings between he and I and nobody called back to deny the obvious N'esy Pas?
https://davidraymondamos3.blogspot.com/2020/04/new-brunswick-in-very-significant.html
https://www.cbc.ca/news/canada/new-brunswick/covid-19-new-brunswick-budget-deficit-1.5535442
New Brunswick in 'very significant deficit territory' just two weeks into fiscal year
Virus-related job losses, business closures threaten $3.8B in New Brunswick sales and income taxes
· CBC News · Posted: Apr 17, 2020 5:00 AM AT
A popular restaurant in Fredericton, like many others, is closed because of the state of emergency in New Brunswick. The COVID-19 crisis is expected to cause severe recessions in each province, according to the Royal Bank economic forecast. (Mike Heenan/CBC)
Two weeks into the new fiscal year New Brunswick's planned budget surplus has been transformed into a hefty deficit by the COVID-19 crisis and although Premier Blaine Higgs is not ready yet to reveal how big the financial troubles will be, all signs point to something large — perhaps historic.
"We are certainly now in very significant deficit territory and I don't see that changing anytime soon," said Higgs on Thursday during his regular afternoon news conference.
"A surplus and debt payment are now no longer even an option of any kind."
Higgs said both the cabinet and special all-party cabinet committee overseeing the province's response to the pandemic have been briefed on New Brunswick's deteriorating finances and said the public will be updated soon.
Premier Blaine Higgs announced Thursday the state of emergency was extended for another two weeks. (Edwin Hunter/CBC News)
Still, a growing consensus of private-sector forecasts suggest the impact of the pandemic on New Brunswick's economy will be historically severe, even if mercifully short.
Provinces to slip into 'severe recession'
Earlier this week, the Royal Bank forecast New Brunswick's economy will shrink by 4.5 per cent this year and temporarily shed 43,000 jobs before recovery begins toward the end of summer."We now project all provinces will slip into a severe recession," wrote bank economists Robert Hogue and Ramya Muthukumaran in a report looking at the prospects of each province coping with the virus.
"Business closures, massive layoffs and drastically reduced working hours for those still employed generate additional knock-on effects for other sectors — leading to further job losses and deepening the economic contraction. The end result will be for 2020 to mark the steepest one-year decline in GDP for all provinces."
It's a gloomy view shared by others.
That's significantly worse than the banking crisis and recession of 2008 when New Brunswick's economy declined by a combined 0.6 per cent over two years.
That downturn had been unforseen in the province's 2009 budget and the deficit that year ballooned $170 million higher than expected, mostly due to increased spending to deal with the recession.
$100M in unbudgeted spending
The New Brunswick Department of Finance has said little so far but does hint the 2008 experience will be at the low end what the province's finances are likely to encounter this time."There is an increasing consensus that this crisis will be as bad as the 2008 financial crisis or worse," said finance department spokesperson Vicky Deschenes in a statement to CBC News.
The Higgs government has already authorized unbudgeted spending of more than $100 million to help individuals and businesses survive the pandemic financially. But it's the potential effect on provincial revenues that is likely to pose the larger threat to New Brunswick's budget.
Thousands of New Brunswick businesses, like the Saint John Bowlarama, have laid off employees and closed because of the COVID-19 virus. That is cutting off tax revenues to the province that is threatening to turn provincial government budget surpluses into deficits. (Robert Jones/CBC)
Last week, the federal government's independent Parliamentary Budget Officer Yves Giroux published an updated "scenario analysis" of the potential effect of the pandemic on Canada's finances.
That modelled a 23 per cent decline in projected revenue from GST and 10 per cent reductions in projected revenue from personal and corporate income taxes flowing from job losses and business closures across the country.
"We stress that this scenario is not a forecast of the most likely outcome. It is an illustrative scenario of one possible outcome," said Giroux's office about the analysis.
Parliamentary Budget Officer Yves Giroux projected severe drops in revenue from GST as well as personal and corporate income taxes. (CBC)
Although speculative and not directly applicable to provinces, superimposing similar effects on New Brunswick's projected $3.8 billion in HST and personal and corporate income taxes this year would trigger revenue reductions of $580 million.
That's unlikely since Giroux's analysis is based on a national economic contraction of 5.1 per cent, which is larger than the contraction expected in New Brunswick, but it is illustrative of how much government tax revenue is under threat by the economic upheaval being caused by the virus.
Premier Blaine Higgs announced Thursday the state of emergency in New Brunswick has been extended for two weeks. 1:54
Higgs has said for weeks he will worry about the province's finances after the threat from COVID-19 passess but Thursday did acknowledge restarting the economy and solving the fiscal problem the virus leaves behind will be daunting.
"That's why I'm pleased and excited to be working with the other three leaders because you know this is a situation where fighting the virus is one thing, but managing our path forward collectively so that we all recognize the challenges we're facing is extremely important."
20 Comments
David Amos
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Methinks folks can bet thin Canadian dimes to fat Yankee petrodollars that I called the Parliamentary Budget Officer Yves Giroux first thing this morning and talked to two of his people about doings between Giroux and I over the years Trust that nobody called back to deny the obvious N'esy Pas?
David Amos
Surprise Surprise Surprise
David Amos
Content disabled
Reply to @David Amos: Methinks Higgy and Vicky and many other people should know how many times the Parliamentary Budget Officer Yves Giroux and I have crossed paths in the past N'ey Pas?
Reply to @David Amos: Methinks Higgy and Vicky and many other people should know how many times the Parliamentary Budget Officer Yves Giroux and I have crossed paths in the past N'ey Pas?
Rob Sense
Reply to @David Amos:
Did you set up camp on his street?
Did you set up camp on his street?
David Amos
Content disabled
Reply to @Rob Sense: Far more than that However methinks your boss should ask Giroux or his buddies Higgy and Vicky if what I say is true because political tr o lls are well paid to tell folks to never believe anything I say N'esy Pas?
https://www.pbo-dpb.gc.ca/en/history--historique
It was a response to criticisms surrounding the accuracy and credibility of the federal government’s fiscal projections and forecasting process. At the time, some economists and parliamentarians were concerned that successive governments in the mid-to-late 1990s through the mid-2000s had shaped fiscal projections, overstating deficits and understating surpluses for political gain.
In September 2004, Ralph Goodale, the then Minister of Finance, commissioned a review of the federal government’s fiscal forecasting accuracy. Among the review’s recommendations was the creation of “an agency within government with a mandate to focus on the medium- to long-term fiscal implications of structural economic and demographic factors”.
The Conservative Party of Canada’s 2006 election platform went beyond what was proposed in that report. It committed to creating “an independent Parliamentary Budget Authority to provide objective analysis directly to Parliament about the state of the nation’s finances and trends in the national economy” and “ensure truth in budgeting”.
The proposed authority, renamed the PBO, was included in the Federal Accountability Act with a mandate that exceeded that outlined in the Conservative Party’s 2006 election platform. The Act included the costing of proposals falling within Parliament’s jurisdiction when requested to do so by a parliamentarian or committee, likely reflecting concerns about cost overruns in major government programs in the 1990s and early 2000s. The Senate further extended the PBO’s mandate to include analysis of the estimates at the request of committees mandated to study the estimates.
The Liberal Party of Canada’s 2015 election platform committed to making the PBO “truly independent of the government” and “accountable only – and directly – to Parliament”. The platform also committed to expand the PBO’s mandate to include “the costing of party election platforms”.
These changes were included in the Budget Implementation Act, 2017, No. 1 and came into force in September 2017.
https://www.pbo-dpb.gc.ca/en/staff--equipe
Yves Giroux was appointed by the Governor in Council to serve as Parliamentary Budget Officer (PBO), effective September 4, 2018.
Mr. Giroux entered the federal public service in 1995. Over the course of his 23-year career, he assumed progressively senior level positions and increased responsibilities, joining the executive ranks in 2003.
Mr. Giroux has in-depth tax, fiscal and financial, and social policy knowledge and expertise, and considerable experience with stakeholder relations, and the management of large teams and multi-million dollar budgets. For more than 20 years, he has been closely involved in the federal Budget process in various capacities and is highly regarded as an expert on federal budget making and the Government’s expenditure system.
Since 2015, Mr. Giroux has been serving as Assistant Commissioner and Chief Data Officer, Strategy and Integration Branch, with the Canada Revenue Agency. Prior to this, he was Director, Operations, Liaison Secretariat for Macroeconomic Policy at the Privy Council Office, for four years. From 2005 to 2011, he served as Director and Senior Chief, Social Policy Division, Finance Canada.
Mr. Giroux is a graduate of the Université de Montréal, where he earned a Master’s and a Bachelor degree, both in Economics. He is married with two children: an adult daughter and a teenage son.
Nasreddine Ammar is an Economist with the Parliamentary Budget Office (PBO).
Nasreddine has worked as a research assistant at Laval University’s Centre de recherche en économie de l’environnement, de l’agroalimentaire, des transports et de l’énergie (CREATE), and as an economist at the Quebec Ministry of Finance.
Nasreddine has completed his PhD in Economics.
Philip is an Advisor to the Parliamentary Budget Office (PBO).
Prior to joining the PBO, Philip was a Senior Economist with the Organisation for Economic Co-operation and Development (OECD) in both the Environment Directorate for 6 years and the Economics Department for 8 years. Before that Philip had been with the Economic Studies and Policy Analysis Division at the Department of Finance for 5 years, and the Brookings Institution in Washington, DC for 5 years. He has also done brief stints at the Bank of Canada and started his career in the private sector with Shell Oil.
Philip holds a PhD in economics from the University of Toronto, and an Honours BSc in Computer Science from the University of Western Ontario.
Nancy Beauchamp is the Office Manager for the Parliamentary Budget Office (PBO).
During her 15-year career in the federal public service she has held administrative positions in a number of government departments and organizations, including Canadian Heritage, Public Works and Government Services Canada and the House of Commons.
Robert Behrend is a Senior Financial Analyst with the Parliamentary Budget Office.
Prior to joining PBO, Robert worked at Employment and Social Development Canada in the Canada Student Loans Program and at the Department of Finance Canada in the Federal-Provincial Relations Division.
Robert holds an MA in Economics from Carleton University, and a BSc in Mathematics from Brock University.
Étienne is an Economist with the Parliamentary Budget Office.
Étienne just completed a master’s degree in economics at the University of Toronto, and has a bachelor’s degree in economics and mathematics from Laval University. He participated in an internship with the economic and fiscal analysis team at the Caisse de depot et Placement du Québec (CDPQ).
Govindadeva Bernier is an Advisor-Analyst to the Parliamentary Budget Office.
Prior to joining the PBO, he worked as an economist for Emploi-Québec at the Lanaudière Regional Office, as a Project Manager for Invest Quebec in the Tax Measures Division and as a Tax Policy Officer at the Department of Finance in the Evaluation and Research Group within the Tax Policy Branch.
Govindadeva holds an MSc in economics and a BSc in economics and finance, both from the University of Quebec in Montreal.
Tessa Devakos is a Research Assistant with the Parliamentary Budget Office.
Tessa earned a BA (Hons. in Econ.) from the University of Victoria. She previously worked with Innovation, Science and Economic Development Canada.
Eskandar Elmarzougui is an Economic Analyst with the Parliamentary Budget Office.
Eskandar has worked as an economist at the Quebec Ministry of Labour and the Quebec Ministry of Finance. Prior to joining the public service, Eskandar has worked as an assistant professor of economics and teaching assistant at Sousse and Laval Universities. He also worked as a professional of research in many academic research centers.
Eskandar holds a Ph.D. in economics from Laval University and a M.Sc. and a B.Sc. in economic, finance and Banking from Tunis Elmanar University.
Carol Faucher is an administrative assistant and receptionist with the PBO.
Over the past 16 years, Carol has worked in various administrative rolls in the private sector including in health, fitness and nutrition.
Jamie Forsyth is an Economic Analyst with the Parliamentary Budget Office.
Jamie holds an MA in Economics from Queen’s University and an Honours BA in Economics with Subsidiary in Mathematics from St. Francis Xavier University.
Prior to joining the PBO, Jamie worked as a Teaching Assistant at Queen’s University and as a Research Assistant at St. Francis Xavier University.
Jill Giswold is an Economic Analyst with the Parliamentary Budget Office.
Prior to joining the PBO, she worked as a Policy Advisor for the National Research Council Canada.
Jill holds an MA in Economics from Queen’s University and a Joint Honours BSocSc in Economics and Political Science from the University of Ottawa.
Kristina Grinshpoon is the Fiscal Coordinator in the Parliamentary Budget Office.
Prior to this, Kristina worked with Employment and Social Development Canada (ESDC), and the Ontario Ministry of Finance.
Kristina holds an MA in Economics from the University of Ottawa and a BA in Economics and International Relations from the Hebrew University of Jerusalem.
Jason Jacques is the CFO and Director General of Costing and Budgetary Analysis with the Parliamentary Budget Office.
Prior to joining the PBO, he worked with the Privy Council Office, Finance Canada, Treasury Board Secretariat and Bank of Canada.
Jason holds an MA in economics from Queen's University, is a Chartered Professional Accountant (CMA), and a CFA Charter holder.
Raphaël Liberge-Simard is an Economist at the Parliamentary Budget Office.
Prior to joining the team, he worked as a Teaching Assistant at HEC Montréal and as a Research Assistant at the Bank of Canada’s International Economic Analysis Department.
Raphaël has a Master’s degree in applied economics from HEC Montréal and a joint Bachelor’s degree in economics and mathematics from Laval University.
Sarah MacPhee is an Economist with the Parliamentary Budget Office.
She earned a Master’s of Arts in Economics degree from Queen’s University, as well as Honours BA in Economics and an Honours BBA in Finance from St. Francis Xavier University.
Sarah previously worked with the Atlantic Provinces Economic Council and the Canada Revenue Agency.
Mark Mahabir is General Counsel for the Parliamentary Budget Office and Director of Policy for the Costing and Budgetary Analysis team. Prior to joining the PBO, Mark worked as an Analyst in the Library of Parliament within the Economic and Trade Policy Section where he then provided assistance to the House of Commons Standing Committee on Finance, in addition to other parliamentary committees that benefitted from his work, as well as other parliamentarians that benefitted from his competencies and effort.
Prior to joining the Library of Parliament, Mark worked as a Legal Counsel to an important medical device manufacturer.
Mark has an Honours B.Sc. in Biology from the University of Waterloo, a M.Sc. in Medical Biophysics from the University of Toronto, a LL.B. with a specialization in taxation from Osgoode Hall Law School and a LL.M. in Law and Technology from the University of Ottawa. Mark is a member of the Law Society of Upper Canada.
Carleigh Malanik is a Financial Advisor-Analyst on the Expenditure and Revenue Analysis team. Prior to joining PBO, Carleigh worked as an economist at Health Canada within the Applied Research and Analysis Directorate. Previously she was employed with the Rural Secretariat at Agriculture and Agri-Food Canada, providing analysis on issues facing Canada’s rural and urban areas.
Carleigh holds an MA in Economics from McMaster University, and from the University of Manitoba an Honours BA in Economics and a BA in History.
Sloane Mask is the Director of Parliamentary Relations and Planning. Prior to joining the PBO, she worked with various Parliamentary entities and departments of the Government of Canada, including the Library of Parliament, the Senate, Statistics Canada and the Bank of Canada.
Sloane holds an Honours Bachelor of Commerce from McMaster University and is a Chartered Professional Accountant (CMA).
Chris Matier is the Director General of Economic and Fiscal Analysis.
Prior to re-joining PBO in November 2014, Chris worked diligently at the Bank of Canada as a Senior Research Advisor in the Canadian Economic Analysis Department. Chris was the Senior Director at PBO from August 2008 to August 2013 and previously worked for more than 14 years at the Department of Finance Canada in the Economic and Fiscal Policy Branch, serving as the Senior Chief in the Economic Analysis and Forecasting Division prior to joining PBO.
Katarina Michalyshyn is an Economist with the Office of the Parliamentary Budget Officer.
Before joining the OPBO, she worked at the Office of the Chief Economist at Global Affairs Canada. She was previously a Teaching Assistant at the University of Ottawa and a Page at the House of Commons and at the Legislative Assembly of Alberta.
Katarina holds an MA in Economics and an Honours BSocSc in Economics and Minor in Life Sciences from the University of Ottawa.
Salma is a research assistant with the Parliamentary Budget Office.
She holds an Honours Bachelor degree in Economics from the University of Ottawa. Before joining the PBO, Salma was a research assistant at the University of Ottawa, and at the Institute of Fiscal Studies and Democracy.
Chris has a Master's degree and an Honours BA in Economics from Queen's University.
Nora Nahornick is an Economist with the PBO.
Nora holds a Master’s degree in Economics from the University of Toronto and a BSc Specialization in Mathematics and Finance from the University of Alberta.
Prior to joining the PBO, Nora worked in public equities.
Caroline Nicol is an Economist with the PBO.
Caroline completed a Master’s degree in economics at the University of Toronto and also has a Bachelor’s degree in economics from Concordia University.
Caroline previously worked in telecommunications and industry.
Christopher is a Senior Financial Analyst with the PBO.
Prior to joining the PBO, Christopher worked as an Operations Research Scientist at the Department of National Defence. He holds a Master’s Degree in Economics from Queen’s University.
Martine Perreault is Communications Advisor at the Office of the Parliamentary Budget Officer. Over her 20-year career, Martine has held various communications and project management positions in a number of federal and provincial government organizations.
Martine holds a bachelor’s degree in communication from Laval University.
Nathalie Potvin-Buckler is the Coordinator, Administrative Services for the Office of the Parliamentary Budge Office.
During her 15-year career in the public service she has held administrative positions in a number of government departments and organizations including Industry Canada, Correctional Services Canada, and National Defence Canada as a Staffing Coordinator.
Tim Scholz is an Advisor-Analyst to the PBO.
Prior to joining the PBO, Tim worked with Finance Canada on international policy analysis and economic development.
Tim holds an MA in economics from the University of Guelph and a BSc (honours) in economics from the University of Windsor.
Jocelyne Scrim is an administrative assistant with the PBO.
Over the past 25 years she has worked in administrative positions including municipal, non-profit, private sector business and academic environments.
Tiberiu Scutaru previously worked as an macro research analyst in the International Monetary Fund’s European Department where he worked in several units that covered the Scandinavian and the CESEE economies. Prior to the IMF, he worked in development consulting contributing to reports on use of mobile money in Côte d’Ivoire (for IFC), access to finance in Sub-Saharan region (for GIZ) and on mobilization of remittances in Moldova (for ILO and IOM). He has also worked in commercial banking with Société Générale in Moldova and in academia in the US and Moldova (teaching courses in economics and business).
Tiberiu has a PhD and a MA in Economics from American University, a M. Sc. in EU Business and Law from Aarhus University (prev. Aarhus School of Business) and a BA in Political Science/Public Policy from Bucharest University.
Ben Segel-Brown is a Financial Analyst with the PBO.
Ben holds a Juris Doctor Degree from Queen's University and an Honours Bachelor of Public Affairs and Policy Management with a minor in Economics from Carleton University.
Prior to joining the Office of the PBO, he worked as an Analyst with Statistics Canada, Environment Canada, and Transport Canada.
Trevor Shaw is the Director of Fiscal Analysis.
Trevor began working at PBO as an analyst in 2012. He also worked at the Organization for Economic Co-operation and Development and in the federal public service, including positions at the Privy Council Office, Finance Canada and the Treasury Board Secretariat.
Trevor holds a Master's degree (Economics) from the University of British Columbia and a Bachelor's degree (Economics) from the University of Winnipeg. He is a Chartered Financial Analyst (CFA).
Diarra Sourang is a financial analyst with the Office of the Parliamentary Budget Officer. Most recently she worked at the Financial Accountability Office of Ontario in the Financial Analysis team. Previously, she was employed as an economic analyst at TD Economics, and at the Ontario Ministry of Education.
Diarra has a Bachelor degree in Accounting and Finance from CESAG Management School, and an MA in Economics from Laval University. She holds the Professional Risk Manager (PRM™) Designation.
Varun is a recent graduate from the International Economics program at the University of British Columbia. He has had experience in management consulting, impact investing, microfinance and advertising.
Jason Stanton is a Financial Analyst on the Costing and Budgetary Analysis Team. Prior to joining the PBO, Jason worked as an analyst at the Treasury Board of Canada Secretariat in the Expenditure Management Sector.
Jason has a Bachelor degree in International Business from Carleton University. He has passed all three levels of the CFA Program and will be eligible for the charter upon completion of the required work experience.
Julie Sullivan is the Manager, Human Resources Services for the PBO, as well as the Chief Human Resources Officer. During her 19-year career in the federal public service, she has held senior administrative, functional and managerial positions in Information Management and in the field of Human Resources in a multiple number of critical government departments, including the Canadian Radio-television and Telecommunications Commission (CRTC), Office of the Chief Human Resources Officer (OCHRO, Treasury Board Secretariat) and National Defence (ND).
Julie holds Bachelor degrees in Criminology and in Psychology from the University of Ottawa.
Rémy Vanherweghem is a web publishing and quality assurance officer at the Office of the Parliamentary Budget Officer. Prior to joining the team, Rémy was an e-commerce product manager.
Rémy holds a Master’s degree in E-Commerce (management) from HEC Montréal, a Master’s in Political Science from the Université de Montréal and a Bachelor’s in Communications and Politics from the Université de Montréal.
Ryan E. Watson is the Human Resources Advisor for Staffing and Classification.
Prior to joining the PBO, Ryan worked in the private sector as a HR leader responsible for recruitment, talent acquisition and training for various leading international companies.
Nigel Wodrich is a Financial Analyst on the Costing and Budgetary Analysis Team.
Prior to joining the PBO, Nigel worked with the Jean-Luc Pépin Research Chair, Kevin Page, and the German Council on Foreign Relations (DGAP) on economic and fiscal analysis.
Nigel has a Master’s degree in economics from the University of Toronto, and a Bachelor’s degree in economics and politics from the University of Ottawa.
Aidan Worswick is an Economic Analyst with the Parliamentary Budget Office.
Prior to joining the PBO, he worked as a research assistant at Queen’s University under Professor Charles M. Beach.
Aidan has an MA in Economics from the University of Toronto and an Honours BA in Economics from Queen’s University.
Xiaoyi Yan is Director of Budgetary Analysis. She leads the PBO’s analytical work on government budgets and Electoral Platform Costing.
Prior to joining the PBO, she worked in various policy departments and agencies including the last 6 years at Immigration, Refugees and Citizenship Canada as Director of Policy Research. She also worked at Health Canada, Employment and Social Development Canada, Canada Revenue Agency and Statistics Canada in various capacities responsible for research and analysis. She served as a member and National Correspondent for Canada at the OECD’s Expert Group on Migration from 2015 to 2018 and taught Economics for many years in universities in Canada and China.
Xiaoyi holds a PhD in Economics from Carleton University, Ottawa, Canada.
Reply to @Rob Sense: Far more than that However methinks your boss should ask Giroux or his buddies Higgy and Vicky if what I say is true because political tr o lls are well paid to tell folks to never believe anything I say N'esy Pas?
https://www.pbo-dpb.gc.ca/en/history--historique
History
The position of the Parliamentary Budget Officer was created in December 2006 as part of the Federal Accountability Act.It was a response to criticisms surrounding the accuracy and credibility of the federal government’s fiscal projections and forecasting process. At the time, some economists and parliamentarians were concerned that successive governments in the mid-to-late 1990s through the mid-2000s had shaped fiscal projections, overstating deficits and understating surpluses for political gain.
In September 2004, Ralph Goodale, the then Minister of Finance, commissioned a review of the federal government’s fiscal forecasting accuracy. Among the review’s recommendations was the creation of “an agency within government with a mandate to focus on the medium- to long-term fiscal implications of structural economic and demographic factors”.
The Conservative Party of Canada’s 2006 election platform went beyond what was proposed in that report. It committed to creating “an independent Parliamentary Budget Authority to provide objective analysis directly to Parliament about the state of the nation’s finances and trends in the national economy” and “ensure truth in budgeting”.
The proposed authority, renamed the PBO, was included in the Federal Accountability Act with a mandate that exceeded that outlined in the Conservative Party’s 2006 election platform. The Act included the costing of proposals falling within Parliament’s jurisdiction when requested to do so by a parliamentarian or committee, likely reflecting concerns about cost overruns in major government programs in the 1990s and early 2000s. The Senate further extended the PBO’s mandate to include analysis of the estimates at the request of committees mandated to study the estimates.
The Liberal Party of Canada’s 2015 election platform committed to making the PBO “truly independent of the government” and “accountable only – and directly – to Parliament”. The platform also committed to expand the PBO’s mandate to include “the costing of party election platforms”.
These changes were included in the Budget Implementation Act, 2017, No. 1 and came into force in September 2017.
https://www.pbo-dpb.gc.ca/en/staff--equipe
Staff
Directory
| Position | Name | Telephone | |
|---|---|---|---|
| Parliamentary Budget Officer | |||
| Parliamentary Budget Officer | Yves Giroux | 613-992-8026 | pbo-dpb@parl.gc.ca |
| PBO Staff | |||
| Senior Analyst | Nasreddine Ammar | 613-617-7519 | Nasreddine.Ammar@parl.gc.ca |
| Advisor-Analyst | Philip Bagnoli | 613-286-2687 | Philip.Bagnoli@parl.gc.ca |
| Manager, Administrative Services | Nancy Beauchamp | 613-992-8026 | Nancy.Beauchamp@parl.gc.ca |
| Advisor-Analyst | Robert Behrend | 613-294-2790 | Robert.Behrend@parl.gc.ca |
| Analyst | Étienne Bergeron | 613-292-7472 | Etienne.Bergeron@parl.gc.ca |
| Advisor - Analyst | Govindadeva Bernier | 613-769-4988 | Govindadeva.Bernier@parl.gc.ca |
| Research Assistant | Tessa Devakos | 613-295-2527 | Tessa.Devakos@parl.gc.ca |
| Senior Analyst | Eskandar Elmarzougui | 613-797-5698 | Eskandar.Elmarzougui@parl.gc.ca |
| Administrative assistant and receptionist | Carol Faucher | 613-992-8026 | Carol.Faucher@parl.gc.ca |
| Analyst | Jamie Forsyth | 613-295-2908 | Jamie.Forsyth@parl.gc.ca |
| Analyst | Jill Giswold | 613-297-3856 | Jill.Giswold@parl.gc.ca |
| Advisor-Analyst | Kristina Grinshpoon | 613-794-1635 | Kristina.Grinshpoon@parl.gc.ca |
| Director General, Costing & Budgetary Analysis / Chief Financial Officer | Jason Jacques | 613-853-1596 | Jason.Jacques@parl.gc.ca |
| Analyst | Raphaël Liberge-Simard | 613-296-0116 | Raphael.Liberge-Simard@parl.gc.ca |
| Analyst | Sarah MacPhee | 613-294-2873 | Sarah.MacPhee@parl.gc.ca |
| Director of Policy (Costing) / General Counsel | Mark Mahabir | 613-301-6708 | Mark.Mahabir@parl.gc.ca |
| Advisor-Analyst | Carleigh Malanik-Busby | 613-853-8763 | Carleigh.Malanik@parl.gc.ca |
| Director, Parliamentary Relations and Planning / Deputy Chief Financial Officer | Sloane Mask | 613-992-8044 | Sloane.Mask@parl.gc.ca |
| Director General, Economic and Fiscal Analysis | Chris Matier | 613-992-8004 | Chris.Matier@parl.gc.ca |
| Analyst | Katarina Michalyshyn | 613-992-8026 | Katarina.Michalyshyn@parl.gc.ca |
| Research Assistant | Salma Mohamed Ahmed | 613-992-8026 | Salma.MohamedAhmed@parl.gc.ca |
| Analyst | Nora Nahornick | 613-294-1763 | Nora.Nahornick@parl.gc.ca |
| Analyst | Caroline Nicol | 613-295-1626 | Caroline.Nicol@parl.gc.ca |
| Advisor-Analyst | Christopher Penney | 613-294-2756 | Christopher.Penney@parl.gc.ca |
| Senior Analyst | Louis Perrault | 613-292-7426 | Louis.Perrault@parl.gc.ca |
| Communications Advisor | Martine Perreault | 613-298-0292 | Martine.Perreault@parl.gc.ca |
| Coordinator, Administrative Services | Nathalie Potvin-Buckler | 613-298-0095 | Nathalie.Potvin-Buckler@parl.gc.ca |
| Advisor-Analyst | Tim Scholz | 613-219-1109 | Tim.Scholz@parl.gc.ca |
| Administrative Assistant | Jocelyne Scrim | 613-943-1333 | Jocelyne.Scrim@parl.gc.ca |
| Senior Analyst | Tiberiu Scutaru | 613-294-2159 | Tiberiu.Scutaru@parl.gc.ca |
| Analyst | Ben Segel-Brown | 613-996-0787 | Ben.Segel-Brown@parl.gc.ca |
| Director, Fiscal Analysis | Trevor Shaw | 613-617-5709 | Trevor.Shaw@parl.gc.ca |
| Senior Analyst | Diarra Sourang | 613-295-2257 | Diarra.Sourang@parl.gc.ca |
| Research Assistant | Varun Srivatsan | 613-295-0219 | Varun.Srivatsan@parl.gc.ca |
| Analyst | Jason Stanton | 613-790-1457 | Jason.Stanton@parl.gc.ca |
| Manager, Human Resources Services / Chief Human Resources Officer | Julie Sullivan | 613-301-5191 | Julie.Sullivan@parl.gc.ca |
| Web Publishing and Quality Assurance Officer | Rémy Vanherweghem | 613-291-5423 | Remy.Vanherweghem@parl.gc.ca |
| Advisor, Classification and Staffing | Ryan Watson | 613-698-6568 | Ryan.Watson@parl.gc.ca |
| Analyst | Nigel Wodrich | 613-296-0174 | Nigel.Wodrich@parl.gc.ca |
| Analyst | Aidan Worswick | 613-795-1651 | Aidan.Worswick@parl.gc.ca |
| Director, Budgetary Analysis | Xiaoyi Yan | 613-992-8026 | Xiaoyi.Yan@parl.gc.ca |
Biographies
Parliamentary Budget Officer
Yves Giroux
pbo-dpb@parl.gc.caYves Giroux was appointed by the Governor in Council to serve as Parliamentary Budget Officer (PBO), effective September 4, 2018.
Mr. Giroux entered the federal public service in 1995. Over the course of his 23-year career, he assumed progressively senior level positions and increased responsibilities, joining the executive ranks in 2003.
Mr. Giroux has in-depth tax, fiscal and financial, and social policy knowledge and expertise, and considerable experience with stakeholder relations, and the management of large teams and multi-million dollar budgets. For more than 20 years, he has been closely involved in the federal Budget process in various capacities and is highly regarded as an expert on federal budget making and the Government’s expenditure system.
Since 2015, Mr. Giroux has been serving as Assistant Commissioner and Chief Data Officer, Strategy and Integration Branch, with the Canada Revenue Agency. Prior to this, he was Director, Operations, Liaison Secretariat for Macroeconomic Policy at the Privy Council Office, for four years. From 2005 to 2011, he served as Director and Senior Chief, Social Policy Division, Finance Canada.
Mr. Giroux is a graduate of the Université de Montréal, where he earned a Master’s and a Bachelor degree, both in Economics. He is married with two children: an adult daughter and a teenage son.
Office of the Parliamentary Budget Officer
Nasreddine Ammar
Nasreddine.Ammar@parl.gc.caNasreddine Ammar is an Economist with the Parliamentary Budget Office (PBO).
Nasreddine has worked as a research assistant at Laval University’s Centre de recherche en économie de l’environnement, de l’agroalimentaire, des transports et de l’énergie (CREATE), and as an economist at the Quebec Ministry of Finance.
Nasreddine has completed his PhD in Economics.
Philip Bagnoli
Philip.Bagnoli@parl.gc.caPhilip is an Advisor to the Parliamentary Budget Office (PBO).
Prior to joining the PBO, Philip was a Senior Economist with the Organisation for Economic Co-operation and Development (OECD) in both the Environment Directorate for 6 years and the Economics Department for 8 years. Before that Philip had been with the Economic Studies and Policy Analysis Division at the Department of Finance for 5 years, and the Brookings Institution in Washington, DC for 5 years. He has also done brief stints at the Bank of Canada and started his career in the private sector with Shell Oil.
Philip holds a PhD in economics from the University of Toronto, and an Honours BSc in Computer Science from the University of Western Ontario.
Nancy Beauchamp
Nancy.Beauchamp@parl.gc.caNancy Beauchamp is the Office Manager for the Parliamentary Budget Office (PBO).
During her 15-year career in the federal public service she has held administrative positions in a number of government departments and organizations, including Canadian Heritage, Public Works and Government Services Canada and the House of Commons.
Robert Behrend
Robert.Behrend@parl.gc.caRobert Behrend is a Senior Financial Analyst with the Parliamentary Budget Office.
Prior to joining PBO, Robert worked at Employment and Social Development Canada in the Canada Student Loans Program and at the Department of Finance Canada in the Federal-Provincial Relations Division.
Robert holds an MA in Economics from Carleton University, and a BSc in Mathematics from Brock University.
Étienne Bergeron
Etienne.Bergeron@parl.gc.caÉtienne is an Economist with the Parliamentary Budget Office.
Étienne just completed a master’s degree in economics at the University of Toronto, and has a bachelor’s degree in economics and mathematics from Laval University. He participated in an internship with the economic and fiscal analysis team at the Caisse de depot et Placement du Québec (CDPQ).
Govindadeva Bernier
Govindadeva.Bernier@parl.gc.caGovindadeva Bernier is an Advisor-Analyst to the Parliamentary Budget Office.
Prior to joining the PBO, he worked as an economist for Emploi-Québec at the Lanaudière Regional Office, as a Project Manager for Invest Quebec in the Tax Measures Division and as a Tax Policy Officer at the Department of Finance in the Evaluation and Research Group within the Tax Policy Branch.
Govindadeva holds an MSc in economics and a BSc in economics and finance, both from the University of Quebec in Montreal.
Tessa Devakos
Tessa.Devakos@parl.gc.caTessa Devakos is a Research Assistant with the Parliamentary Budget Office.
Tessa earned a BA (Hons. in Econ.) from the University of Victoria. She previously worked with Innovation, Science and Economic Development Canada.
Eskandar Elmarzougui
Eskandar.Elmarzougui@parl.gc.caEskandar Elmarzougui is an Economic Analyst with the Parliamentary Budget Office.
Eskandar has worked as an economist at the Quebec Ministry of Labour and the Quebec Ministry of Finance. Prior to joining the public service, Eskandar has worked as an assistant professor of economics and teaching assistant at Sousse and Laval Universities. He also worked as a professional of research in many academic research centers.
Eskandar holds a Ph.D. in economics from Laval University and a M.Sc. and a B.Sc. in economic, finance and Banking from Tunis Elmanar University.
Carol Faucher
Carol.Faucher@parl.gc.caCarol Faucher is an administrative assistant and receptionist with the PBO.
Over the past 16 years, Carol has worked in various administrative rolls in the private sector including in health, fitness and nutrition.
Jamie Forsyth
Jamie.Forsyth@parl.gc.caJamie Forsyth is an Economic Analyst with the Parliamentary Budget Office.
Jamie holds an MA in Economics from Queen’s University and an Honours BA in Economics with Subsidiary in Mathematics from St. Francis Xavier University.
Prior to joining the PBO, Jamie worked as a Teaching Assistant at Queen’s University and as a Research Assistant at St. Francis Xavier University.
Jill Giswold
Jill.Giswold@parl.gc.caJill Giswold is an Economic Analyst with the Parliamentary Budget Office.
Prior to joining the PBO, she worked as a Policy Advisor for the National Research Council Canada.
Jill holds an MA in Economics from Queen’s University and a Joint Honours BSocSc in Economics and Political Science from the University of Ottawa.
Kristina Grinshpoon
Kristina.Grinshpoon@parl.gc.caKristina Grinshpoon is the Fiscal Coordinator in the Parliamentary Budget Office.
Prior to this, Kristina worked with Employment and Social Development Canada (ESDC), and the Ontario Ministry of Finance.
Kristina holds an MA in Economics from the University of Ottawa and a BA in Economics and International Relations from the Hebrew University of Jerusalem.
Jason Jacques
Jason.Jacques@parl.gc.caJason Jacques is the CFO and Director General of Costing and Budgetary Analysis with the Parliamentary Budget Office.
Prior to joining the PBO, he worked with the Privy Council Office, Finance Canada, Treasury Board Secretariat and Bank of Canada.
Jason holds an MA in economics from Queen's University, is a Chartered Professional Accountant (CMA), and a CFA Charter holder.
Raphaël Liberge-Simard
Raphael.Liberge-Simard@parl.gc.caRaphaël Liberge-Simard is an Economist at the Parliamentary Budget Office.
Prior to joining the team, he worked as a Teaching Assistant at HEC Montréal and as a Research Assistant at the Bank of Canada’s International Economic Analysis Department.
Raphaël has a Master’s degree in applied economics from HEC Montréal and a joint Bachelor’s degree in economics and mathematics from Laval University.
Sarah MacPhee
Sarah.MacPhee@parl.gc.caSarah MacPhee is an Economist with the Parliamentary Budget Office.
She earned a Master’s of Arts in Economics degree from Queen’s University, as well as Honours BA in Economics and an Honours BBA in Finance from St. Francis Xavier University.
Sarah previously worked with the Atlantic Provinces Economic Council and the Canada Revenue Agency.
Mark Mahabir
Mark.Mahabir@parl.gc.caMark Mahabir is General Counsel for the Parliamentary Budget Office and Director of Policy for the Costing and Budgetary Analysis team. Prior to joining the PBO, Mark worked as an Analyst in the Library of Parliament within the Economic and Trade Policy Section where he then provided assistance to the House of Commons Standing Committee on Finance, in addition to other parliamentary committees that benefitted from his work, as well as other parliamentarians that benefitted from his competencies and effort.
Prior to joining the Library of Parliament, Mark worked as a Legal Counsel to an important medical device manufacturer.
Mark has an Honours B.Sc. in Biology from the University of Waterloo, a M.Sc. in Medical Biophysics from the University of Toronto, a LL.B. with a specialization in taxation from Osgoode Hall Law School and a LL.M. in Law and Technology from the University of Ottawa. Mark is a member of the Law Society of Upper Canada.
Carleigh Malanik-Busby
Carleigh.Malanik@parl.gc.caCarleigh Malanik is a Financial Advisor-Analyst on the Expenditure and Revenue Analysis team. Prior to joining PBO, Carleigh worked as an economist at Health Canada within the Applied Research and Analysis Directorate. Previously she was employed with the Rural Secretariat at Agriculture and Agri-Food Canada, providing analysis on issues facing Canada’s rural and urban areas.
Carleigh holds an MA in Economics from McMaster University, and from the University of Manitoba an Honours BA in Economics and a BA in History.
Sloane Mask
Sloane.Mask@parl.gc.caSloane Mask is the Director of Parliamentary Relations and Planning. Prior to joining the PBO, she worked with various Parliamentary entities and departments of the Government of Canada, including the Library of Parliament, the Senate, Statistics Canada and the Bank of Canada.
Sloane holds an Honours Bachelor of Commerce from McMaster University and is a Chartered Professional Accountant (CMA).
Chris Matier
Chris.Matier@parl.gc.caChris Matier is the Director General of Economic and Fiscal Analysis.
Prior to re-joining PBO in November 2014, Chris worked diligently at the Bank of Canada as a Senior Research Advisor in the Canadian Economic Analysis Department. Chris was the Senior Director at PBO from August 2008 to August 2013 and previously worked for more than 14 years at the Department of Finance Canada in the Economic and Fiscal Policy Branch, serving as the Senior Chief in the Economic Analysis and Forecasting Division prior to joining PBO.
Katarina Michalyshyn
Katrina.Michalyshyn@parl.gc.caKatarina Michalyshyn is an Economist with the Office of the Parliamentary Budget Officer.
Before joining the OPBO, she worked at the Office of the Chief Economist at Global Affairs Canada. She was previously a Teaching Assistant at the University of Ottawa and a Page at the House of Commons and at the Legislative Assembly of Alberta.
Katarina holds an MA in Economics and an Honours BSocSc in Economics and Minor in Life Sciences from the University of Ottawa.
Salma Mohamed Ahmed
Salma.MohamedAhmed@parl.gc.caSalma is a research assistant with the Parliamentary Budget Office.
She holds an Honours Bachelor degree in Economics from the University of Ottawa. Before joining the PBO, Salma was a research assistant at the University of Ottawa, and at the Institute of Fiscal Studies and Democracy.
Chris has a Master's degree and an Honours BA in Economics from Queen's University.
Nora Nahornick
Nora.Nahornick@parl.gc.caNora Nahornick is an Economist with the PBO.
Nora holds a Master’s degree in Economics from the University of Toronto and a BSc Specialization in Mathematics and Finance from the University of Alberta.
Prior to joining the PBO, Nora worked in public equities.
Caroline Nicol
Caroline.Nicol@parl.gc.caCaroline Nicol is an Economist with the PBO.
Caroline completed a Master’s degree in economics at the University of Toronto and also has a Bachelor’s degree in economics from Concordia University.
Caroline previously worked in telecommunications and industry.
Christopher Penney
Christopher.Penney@parl.gc.caChristopher is a Senior Financial Analyst with the PBO.
Prior to joining the PBO, Christopher worked as an Operations Research Scientist at the Department of National Defence. He holds a Master’s Degree in Economics from Queen’s University.
Martine Perreault
Martine.Perreault@parl.gc.caMartine Perreault is Communications Advisor at the Office of the Parliamentary Budget Officer. Over her 20-year career, Martine has held various communications and project management positions in a number of federal and provincial government organizations.
Martine holds a bachelor’s degree in communication from Laval University.
Nathalie Potvin-Buckler
Nathalie.Potvin-Buckler@parl.gc.caNathalie Potvin-Buckler is the Coordinator, Administrative Services for the Office of the Parliamentary Budge Office.
During her 15-year career in the public service she has held administrative positions in a number of government departments and organizations including Industry Canada, Correctional Services Canada, and National Defence Canada as a Staffing Coordinator.
Tim Scholz
Tim.Scholz@parl.gc.caTim Scholz is an Advisor-Analyst to the PBO.
Prior to joining the PBO, Tim worked with Finance Canada on international policy analysis and economic development.
Tim holds an MA in economics from the University of Guelph and a BSc (honours) in economics from the University of Windsor.
Jocelyne Scrim
Jocelyne.Scrim@parl.gc.caJocelyne Scrim is an administrative assistant with the PBO.
Over the past 25 years she has worked in administrative positions including municipal, non-profit, private sector business and academic environments.
Tiberiu Scutaru
Tiberiu.Scutaru@parl.gc.caTiberiu Scutaru previously worked as an macro research analyst in the International Monetary Fund’s European Department where he worked in several units that covered the Scandinavian and the CESEE economies. Prior to the IMF, he worked in development consulting contributing to reports on use of mobile money in Côte d’Ivoire (for IFC), access to finance in Sub-Saharan region (for GIZ) and on mobilization of remittances in Moldova (for ILO and IOM). He has also worked in commercial banking with Société Générale in Moldova and in academia in the US and Moldova (teaching courses in economics and business).
Tiberiu has a PhD and a MA in Economics from American University, a M. Sc. in EU Business and Law from Aarhus University (prev. Aarhus School of Business) and a BA in Political Science/Public Policy from Bucharest University.
Ben Segel-Brown
Ben.Segel-Brown@parl.gc.caBen Segel-Brown is a Financial Analyst with the PBO.
Ben holds a Juris Doctor Degree from Queen's University and an Honours Bachelor of Public Affairs and Policy Management with a minor in Economics from Carleton University.
Prior to joining the Office of the PBO, he worked as an Analyst with Statistics Canada, Environment Canada, and Transport Canada.
Trevor Shaw
Trevor.Shaw@parl.gc.caTrevor Shaw is the Director of Fiscal Analysis.
Trevor began working at PBO as an analyst in 2012. He also worked at the Organization for Economic Co-operation and Development and in the federal public service, including positions at the Privy Council Office, Finance Canada and the Treasury Board Secretariat.
Trevor holds a Master's degree (Economics) from the University of British Columbia and a Bachelor's degree (Economics) from the University of Winnipeg. He is a Chartered Financial Analyst (CFA).
Diarra Sourang
Diarra.Sourang@parl.gc.caDiarra Sourang is a financial analyst with the Office of the Parliamentary Budget Officer. Most recently she worked at the Financial Accountability Office of Ontario in the Financial Analysis team. Previously, she was employed as an economic analyst at TD Economics, and at the Ontario Ministry of Education.
Diarra has a Bachelor degree in Accounting and Finance from CESAG Management School, and an MA in Economics from Laval University. She holds the Professional Risk Manager (PRM™) Designation.
Varun Srivatsan
Varun.Srivatsan@parl.gc.caVarun is a recent graduate from the International Economics program at the University of British Columbia. He has had experience in management consulting, impact investing, microfinance and advertising.
Jason Stanton
Jason.Stanton@parl.gc.caJason Stanton is a Financial Analyst on the Costing and Budgetary Analysis Team. Prior to joining the PBO, Jason worked as an analyst at the Treasury Board of Canada Secretariat in the Expenditure Management Sector.
Jason has a Bachelor degree in International Business from Carleton University. He has passed all three levels of the CFA Program and will be eligible for the charter upon completion of the required work experience.
Julie Sullivan
Julie.Sullivan@parl.gc.caJulie Sullivan is the Manager, Human Resources Services for the PBO, as well as the Chief Human Resources Officer. During her 19-year career in the federal public service, she has held senior administrative, functional and managerial positions in Information Management and in the field of Human Resources in a multiple number of critical government departments, including the Canadian Radio-television and Telecommunications Commission (CRTC), Office of the Chief Human Resources Officer (OCHRO, Treasury Board Secretariat) and National Defence (ND).
Julie holds Bachelor degrees in Criminology and in Psychology from the University of Ottawa.
Rémy Vanherweghem
Remy.Vanherweghem@parl.gc.caRémy Vanherweghem is a web publishing and quality assurance officer at the Office of the Parliamentary Budget Officer. Prior to joining the team, Rémy was an e-commerce product manager.
Rémy holds a Master’s degree in E-Commerce (management) from HEC Montréal, a Master’s in Political Science from the Université de Montréal and a Bachelor’s in Communications and Politics from the Université de Montréal.
Ryan E. Watson
Ryan.Watson@parl.gc.caRyan E. Watson is the Human Resources Advisor for Staffing and Classification.
Prior to joining the PBO, Ryan worked in the private sector as a HR leader responsible for recruitment, talent acquisition and training for various leading international companies.
Nigel Wodrich
Nigel.Wodrich@parl.gc.caNigel Wodrich is a Financial Analyst on the Costing and Budgetary Analysis Team.
Prior to joining the PBO, Nigel worked with the Jean-Luc Pépin Research Chair, Kevin Page, and the German Council on Foreign Relations (DGAP) on economic and fiscal analysis.
Nigel has a Master’s degree in economics from the University of Toronto, and a Bachelor’s degree in economics and politics from the University of Ottawa.
Aidan Worswick
Aidan.Worswick@parl.gc.caAidan Worswick is an Economic Analyst with the Parliamentary Budget Office.
Prior to joining the PBO, he worked as a research assistant at Queen’s University under Professor Charles M. Beach.
Aidan has an MA in Economics from the University of Toronto and an Honours BA in Economics from Queen’s University.
Xiaoyi Yan
Xiaoyi.Yan@parl.gc.caXiaoyi Yan is Director of Budgetary Analysis. She leads the PBO’s analytical work on government budgets and Electoral Platform Costing.
Prior to joining the PBO, she worked in various policy departments and agencies including the last 6 years at Immigration, Refugees and Citizenship Canada as Director of Policy Research. She also worked at Health Canada, Employment and Social Development Canada, Canada Revenue Agency and Statistics Canada in various capacities responsible for research and analysis. She served as a member and National Correspondent for Canada at the OECD’s Expert Group on Migration from 2015 to 2018 and taught Economics for many years in universities in Canada and China.
Xiaoyi holds a PhD in Economics from Carleton University, Ottawa, Canada.
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