Thank you, Mr. Chair.
Committee members, I would like to thank you for the invitation to appear today.
In October 2025, we published a report entitled “Projecting the Cost of the Disaster Financial Assistance Arrangements Program”, or DFAA. The report projects the cost of the DFAA program over 2025 to 2034 and provides a breakdown of costs across major disaster types, including floods, wildfires and storms.
I'll now continue in English.
The cost estimate accounts for changes to the DFAA program starting in April 2025, as well as trends in disaster frequency and the cost per disaster over time. We estimate that over the period of 2025 to 2034 the DFAA program will cost an average of $1.8 billion per year. This represents an approximate doubling of the average nominal cost over the previous 10-year period.
In closing, I would like to say that my office remains determined to provide Parliament with clear, timely and impartial analysis to help you in your study. I would also say, Mr. Chair, that we currently have several studies under way to support other parliamentary committees and will be very pleased to undertake additional work for you and members of this committee.
Thank you.