Eight more weeks of CERB to cost $17.9 billion, budget officer says
OTTAWA — The parliamentary budget officer estimates in a new report that it will cost $17.9 billion to provide eight extra weeks of payments through the Canada Emergency Response Benefit.
The report this morning from budget officer Yves Giroux says that would bring the total cost of the benefit program to $71.3 billion.
The CERB, now budgeted at $60 billion, has paid out $43.51 billion to 8.41 million people as of June 4 as demand surges past federal expectations.
With the first cohort of CERB applicants set to hit the 16-week limit on the payments early next month, the Liberals have promised to increase the limit to 24 weeks to provide help through the summer for those that need it.