Total Fiscal Costings of Election Promises: Case of Canada's Parliamentary Budget Office
7 Pages Posted: 4 Jul 2017
Date Written: June 29, 2017
Whereas Independent Fiscal Institutions (IFIs) such as Parliamentary Budget Offices (PBOs) do have a mandate to appraise the cost of election promises made by political parties, this is often conducted on a policy-by-policy basis, and does not represent an exercise in the ‘total costings’ of an entire election platform. This discussion papers considers the case of Canada’s PBO, which is being tasked with conducting a total costing for the entirety of the body election promises, and looks at the challenges this poses for the IFI, both from (1) technical and (2) political perspectives.
Keywords: Canada, Election, Parliamentary Budget Office, Budget, Fiscal Policy
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