• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
The parliamentary budget officer estimates the costs of three scenarios of a basic income guarantee

The parliamentary budget officer estimates the costs of three scenarios of a basic income guarantee

July 7, 2020
Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

October 7, 2020
Summer 2021: news about the protocols on the Argentine coast

Summer 2021: news about the protocols on the Argentine coast

October 7, 2020
Eduardo Constantini: “The economic model is exhausted”

Eduardo Constantini: “The economic model is exhausted”

October 7, 2020
The unstoppable blue dollar: keeps rising and setting records

The unstoppable blue dollar: keeps rising and setting records

October 7, 2020
Industrial activity and construction fell: they are not recovering

Industrial activity and construction fell: they are not recovering

October 7, 2020
INDEC highlights the positive data from the wine industry, but …

INDEC highlights the positive data from the wine industry, but …

October 7, 2020
Alberto Fernández: “We have a future projection that we did not have before”

Alberto Fernández: “We have a future projection that we did not have before”

October 7, 2020
A Moyano returns and seeks to build in a key district of Buenos Aires

A Moyano returns and seeks to build in a key district of Buenos Aires

October 7, 2020
Vote: do you approve the change of slogan of the province of Mendoza?

Vote: do you approve the change of slogan of the province of Mendoza?

October 7, 2020
A from Mendoza unleashed the strongest reaction of Cafiero

A from Mendoza unleashed the strongest reaction of Cafiero

October 7, 2020
Health and security personnel charge the half bonus

Health and security personnel charge the half bonus

October 7, 2020
Germany and France denounce Russia for the Navalny case and ask for sanctions

Germany and France denounce Russia for the Navalny case and ask for sanctions

October 7, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, January 21, 2021
  • Login
The Koz Times
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • News
    • All
    • Politics
    Summer 2021: news about the protocols on the Argentine coast

    Summer 2021: news about the protocols on the Argentine coast

    Learn about wines in four classes: how cool! Look at the agenda!

    Learn about wines in four classes: how cool! Look at the agenda!

    The beautiful lagoon at the End of the World that you should visit

    The beautiful lagoon at the End of the World that you should visit

    These six Mendoza wineries shipped 16,800 bottles of wines to the United States

    These six Mendoza wineries shipped 16,800 bottles of wines to the United States

    Six Mendoza wineries shipped 16,800 bottles of wines to the United States

    Six Mendoza wineries shipped 16,800 bottles of wines to the United States

    Exciting video of the progress at the “El Azufre” ski center

    Exciting video of the progress at the “El Azufre” ski center

    New York: 14-day quarantine for Argentines

    New York: 14-day quarantine for Argentines

    Rat children of the gamer world, what are they and how to combat them?

    The extroverted idiot

    Having sex to get the urge with your ex, myth or reality?

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Magical fish basically has the power to conjure its own Patronus

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    You can now play Bill Gates’ first PC game and run over donkeys on your iPhone, Apple Watch

  • Lifestyle
    • All
    • Fashion
    • Travel

    Rap group call out publication for using their image in place of ‘gang’

    Twitter tweaks video again, adding view counts for some users

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    ‘Idol’ contestant besieged by pro-Trump Twitter users because of his name

    Everyone stop everything: Beyonce just announced that she’s pregnant with twins

    Instagram is testing photo albums, because nothing is sacred anymore

    7 February games you should get excited about

    Using a mind reading device, ‘locked-in’ patients told researchers they’re happy

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
The Koz Times
No Result
View All Result
ADVERTISEMENT
Home Politic

The parliamentary budget officer estimates the costs of three scenarios of a basic income guarantee

by magictr
July 7, 2020
in Politic
0
The parliamentary budget officer estimates the costs of three scenarios of a basic income guarantee
498
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

Le directeur parlementaire du budget évalue les coûts de trois scénarios de revenu de base garanti

Le directeur parlementaire du budget évalue les coûts de trois scénarios de revenu de base garanti

The parliamentary budget officer Yves Giroux

Share

7 July 2020 14: 14

Share

ADVERTISEMENT

The parliamentary budget officer estimates the costs of three scenarios of a basic income guarantee

Jordan Press

The Canadian Press

OTTAWA – The parliamentary budget officer estimates that it could cost up to 98 billion dollars to the federal government to provide almost all Canadians a basic income guaranteed for six months, starting in the fall.

This figure is in the upper range of scenarios that the director parliamentary budget (DPB), Yves Giroux, has been invited to evaluate. This is the senator Yuen Pau Woo, who had asked him to estimate the cost of a federal program of guaranteed basic income (RBG), using the parameters of a pilot project launched in Ontario.

The idea of providing Canadians with a guaranteed basic income (RBG) is back in the news when millions of people have seen their employment or their income evaporate with the pandemic COVID-19. The federal government has spent to date approximately 174 billion $ to help individuals and companies to float during the crisis.

The minister of Finance, Bill Morneau, and other colleagues in the Firm were interviewed several times by the senators and deputies on the idea of a guaranteed basic income. Supporters of the RBG argued that it would be an extension of the Delivery canadian emergency programme of $ 80 billion, for the workers who have seen their employment incomes collapse. This PCU and a program of wage subsidies of 45 billion $ must end in October.

4500 to $ 4800 $ in average

The DPB was introduced Tuesday three estimates from scenarios that gradually reduce the provision of $ 0.50, $ 0.25 and $ 0.15 for each dollar of employment income, for the last six months of the fiscal year 2020-2021, from October. According to the DPB, the cost of such a programme could be between 47.5 billion $ and 98.1 billion $, according to the three scenarios ‘rate of progressive reduction”.

Yves Giroux indicates that the average benefit for Canadians aged 18 to 64 years is estimated to be somewhere between 4500 and $ 4800 $; moreover, the number of beneficiaries is expected to increase if the “phase-out rate” was lower.

Senator Yuen Pau Woo argued that such a program could fill the gaps that exist in the mosaic of social safety nets in the country, largely managed by the provinces – of the shortcomings that were exposed by the pandemic.

“Launching a basic income for the whole country, on a permanent basis, constitutes an enormous undertaking, admitted Mr. Woo in a phone interview. The costs are enormous and the political resistance could be fierce, but we are also in a period where we should be spending a lot in income support by the end of the year and in 2021. The question is how we will spend these amounts.”

If all do not agree on the exact definition of a “guaranteed basic income”, it is generally considered to be a benefit without a requirement that governments pay to citizens and replaces various other benefits targeted. Also called a “guaranteed minimum income”, the RBG can be offered in the form of a universal benefit or a benefit in terms of resources, which decreases as increase in other income of the recipient – what the DPB is called “phase-out rate”.

The office of Mr. Giroux was also estimated by the potential sources of revenue to federal and provincial funded program of the basic income. It is estimated that $ 15 billion in existing tax credits in the country could be eliminated by creating such a program of guaranteed basic income.

The post-pandemic

The overall cost of the program could be higher than expected, warns the DPB: its estimates are based on the income data from Statistics Canada, which does not take into account the territories, persons living on reserves and members of the armed Forces living in barracks.

The numbers cannot simply be doubled to determine the cost on a full year basis, as this could overstate the financial impact. The economy seems to bounce back slowly after a slump in April, and the cost of the program will depend on the number of employees who will be rehired or find a new job.

The canadian Federation of independent business, which represents small and medium-sized businesses, said Tuesday that about one-third of its members who responded to a survey said to be back to full speed, but many SMES believe that it will take them six months to find a return to normal.

Statistics Canada should publish on Friday the employment data for the month of June. According to forecasts published Tuesday by the Organization for economic cooperation and development, the unemployment rate in Canada could reach 11 % in the second quarter of the year. The OECD predicts that the national unemployment rate will fall to 7.7% by the end of the year, or 8.4 % if a second wave of the sars coronavirus force another “paused” of the economy.

Le Soleil

Share Button
Share199Tweet125Share50
magictr

magictr

RelatedPosts

Alberto Fernández: “We have a future projection that we did not have before”

Alberto Fernández: “We have a future projection that we did not have before”

by magictr
October 7, 2020
0

The president presented the National Defense Fund (Fondef) that will allocate in 2021 an amount of 400 million dollars, assigned...

A Moyano returns and seeks to build in a key district of Buenos Aires

A Moyano returns and seeks to build in a key district of Buenos Aires

by magictr
October 7, 2020
0

Facundo Moyano returns to the political and union arena. It seeks to build politically in the territory of a "pampered"...

Vote: do you approve the change of slogan of the province of Mendoza?

Vote: do you approve the change of slogan of the province of Mendoza?

by magictr
October 7, 2020
0

Mendoza went from being "The land of the sun and good wine" to "The land of the sun, good wine...

A from Mendoza unleashed the strongest reaction of Cafiero

A from Mendoza unleashed the strongest reaction of Cafiero

by magictr
October 7, 2020
0

He asked him: "What do you think about the opposition?" And the response of the Chief of Staff caused the...

  • Trending
  • Comments
  • Latest
Ash: This man is it a monster ? *** 1/2

Ash: This man is it a monster ? *** 1/2

July 24, 2020
The car Lynnewood leaves Amqui to Pennsylvania

The car Lynnewood leaves Amqui to Pennsylvania

July 15, 2020
Hard video: They recorded for TikTok and a 21-year-old girl ended up dead

Hard video: They recorded for TikTok and a 21-year-old girl ended up dead

October 6, 2020
Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

0
Marat Safin: in our sport looks a lot smeshnovato

Marat Safin: in our sport looks a lot smeshnovato

0
The rise and care of Mary. As Sharapova completed a career

The rise and care of Mary. As Sharapova completed a career

0
Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

October 7, 2020
Summer 2021: news about the protocols on the Argentine coast

Summer 2021: news about the protocols on the Argentine coast

October 7, 2020
Eduardo Constantini: “The economic model is exhausted”

Eduardo Constantini: “The economic model is exhausted”

October 7, 2020
The Koz Times

Copyright © 2017 JNews.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2017 JNews.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In