![]() This report contradicted the government's statement that Old Age Security was unsustainable. It concluded that those costs would rise for a number of years relative to GDP, then fall back very close to current levels (slightly less than 15 per cent of total federal program spending). ![]() In February 2012, the PBO released an analysis of the projected cost over the next 70 years of benefits to the elderly. Harper said that he refused “to get into a lengthy debate on numbers.” The Auditor General later reached a similar conclusion as the PBO. The PBO estimated the full cost to be $29.3-billion, including upgrade costs of $3.9-billion, much higher than the $9-billion the Department of National Defence had publicly estimated. In March 2011, the PBO published a 65-page peer-reviewed report that estimated the cost of buying F-35 fighter jets. " Conservative government (2006 to 2015) The PBO's mission is to "support Parliament in exercising its oversight role in the government’s stewardship of public funds by ensuring budget transparency and promoting informed public dialogue with an aim to implement sound economic and fiscal policies in Canada. The powers of the PBO are enshrined in the Parliament of Canada Act (Sections 79.1-79.5). The act was the Harper government's first piece of legislation. The Parliamentary Budget Officer was established in 2006 by the Conservative government of Prime Minister Stephen Harper, as one of the independent oversight offices established by the Federal Accountability Act. The office is led by the Parliamentary Budget Officer ( PBO French: Directeur parlementaire du budget), an independent officer who supports parliamentarians in carrying out their constitutional roles of scrutinizing the raising and spending of public monies and generally overseeing the government's activities. ![]() The Office of the Parliamentary Budget Officer ( OPBO French: Bureau du directeur parlementaire du budget) is an office of the Parliament of Canada which provides independent, authoritative and non-partisan financial and economic analysis. Office of the Parliamentary Budget Officer Bureau du directeur parlementaire du budget
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