Fiscal Sustainability: Canada's Parliamentary Budget Office and the Dwindling Price of Oil

7 Pages Posted: 9 Feb 2016

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: July 1, 2015

Abstract

The precipitous decline in the price of oil over the past year has raised questions about the sustainability of the budget trajectory in many resource-rich nations. Given the central parliamentary role in the budget process and the singular importance of extractive industries to Canada's fiscal position, the Parliamentary Budget Office (PBO) has provided robust analysis which contextualizes the impact of dwindling oil revenues on the buoyancy of the government's budget balance. This article considers the contribution of the PBO in bolstering parliamentary engagement with extractive industries in the Canadian context under a scenario of depressed international oil prices.

Keywords: Natural Resources, Accountability, Canada, Oversight, Legislative Studies, Oil, Extractive Industries

Suggested Citation

Chohan, Usman W., Fiscal Sustainability: Canada's Parliamentary Budget Office and the Dwindling Price of Oil (July 1, 2015). Available at SSRN: https://ssrn.com/abstract=2729573 or http://dx.doi.org/10.2139/ssrn.2729573

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )

Rawalpindi
Pakistan

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