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Nov 03 2025

TABE Webinar: Deficits, Debt and Defence: The Outlook for Budget 2025

It’s been said before but it remains unquestionably the case—we live in unprecedented times. And that’s just as true in federal fiscal policy as it is in trade and geopolitics more broadly. The Government of Canada is on track to run one of the largest budget deficits on record outside of a recession or pandemic. Dramatically higher defence spending, a push to get shovels in the ground for “nation-building projects”, and a spate of tax cuts should be only partially offset by a planned reduction in discretionary spending. Federal debt will be higher as a result, and is likely to keep moving higher as a share of the economy. In this context, who better to speak to the upcoming and long-delayed Budget 2025 than Canada’s former Parliamentary Budget Officer, Yves Giroux.

Yves Giroux Parliamentary Budget Officer

Yves Giroux was Canada’s Parliamentary Budget Officer (PBO) from 2018 to September 2025. The third person to take the role, he oversaw the transformation of the Office of the PBO to one that supported political parties in costing election platform measures. That’s in addition to supporting Parliamentarians through undertaking economic and fiscal forecasts, costing policies at the request of committees, and synthesizing the business of supply into something decision makers can understand. Prior to becoming the PBO, Mr. Giroux held senior positions at the Canada Revenue Agency, Privy Council Office, Finance Canada, and others.

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Event Details

Virtual (Microsoft Teams)

Nov 03, 2025 12:00 pm - 1:00 pm EST

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Public Attendee List

Viktor Cicman
Rebekah Young
Michael Davenport
Michael Davenport
Alex Ciappara
Patrice Rivard
Angela Chen
Jim Whitestone
Hendrik Brakel
Taylor Adams
Joy Demoskoff
Patrice Rivard
Christopher Ragan
Anneloes Pronk
Tariq Shahriar
Davis Dolan
Oriane Kacoutie
Julia Sekkel
Chrystelle Saizonou
Danielle Goldfarb
Doug Norris
Christopher Kuchciak
Michael Grant
Sheila Hamm
Edward Weisz
Claustre Bajona
Sylvie Ratté
Ming Her
Seamus Benwell
Randall Bartlett
Lisa Baratta
Clifford Halliwell
Agnès Ruffat
Maria Solovieva
Jacquie Palladini
Jacquie Palladini
Calinda Brown
Kate Waslen
Diana Petramala
Sonya Plater
Andrew Trachsell
Natasha Apollonova
David Williams