Friday, August 28, 2026

“Canada’s PBO Ranks #1 Among Global Peers”

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During his brief time as the acting parliamentary budget officer of Canada, Jason Jacques faced allegations of bias, critiques for his communication style, and eventually commendation for representing an institution now ranked at the top among global counterparts. Selected by Prime Minister Mark Carney in September to serve until a permanent parliamentary budget officer (PBO) could be appointed, Jacques aimed to make a significant impact during his six-month tenure.

Immediately upon assuming his role, Jacques requested the Organization for Economic Co-operation and Development (OECD) to conduct the first-ever evaluation of Canada’s Office of the Parliamentary Budget Officer to benchmark it against similar organizations worldwide. This assessment focused on the office itself, which offers impartial financial analysis to Parliament, rather than individual officers.

Expressing the need for an external evaluation after nearly two decades, Jacques emphasized the importance of positioning the institution as one of the leading entities among OECD countries. The recent evaluation report from the OECD placed the PBO at the top among 35 countries assessed, with the U.S. Congressional Budget Office ranking second and the Bureau for Economic Analysis in the Netherlands ranking third.

Acknowledging the OECD’s recognition during his final appearance before a parliamentary committee, Jacques was lauded for the PBO’s outstanding performance. However, the OECD report also highlighted five key areas for improvement, including leadership appointments, data acquisition processes, and the quality of analytical outputs.

The report emphasized the necessity for the PBO to enhance its prioritization strategies, improve communication of analysis to stakeholders, and establish robust protocols for error corrections. Criticisms of the PBO’s communication were cited, particularly referencing past incidents such as erroneous carbon price calculations and provocative language used in public appearances.

To address these concerns, Jacques initiated the development of formal communications and corrections policies, ensuring transparency and accountability. The OECD further recommended legislative changes to facilitate direct access to tax data from the Canada Revenue Agency, streamlining operations for greater efficiency.

Regarding peer review processes, suggestions were made to formalize the practice and establish a panel for report evaluations. While Jacques agreed on the need for transparency in peer reviews, he indicated that decisions on implementing such measures would fall to his successor.

In terms of appointments, the OECD raised concerns about the interim PBO selection process, highlighting potential risks of partisanship. Jacques echoed these sentiments, emphasizing the importance of a non-partisan hiring process to safeguard the PBO’s independence and credibility.

As Jacques’s term concludes without a permanent replacement announced, the focus shifts to the future direction of the PBO, with an emphasis on institutional integrity and effectiveness in serving parliamentarians and the public.