Finance committee  You are right. In fact, I said we look at the impact of the measures put in place by the government. The evaluation shows that the 2013 budget had a negative impact on employment and GDP. Other economic events could generate more jobs and raise GDP. We examined the effects of th

Finance committee  It would be useful for everyone to know the government's multipliers. That would make it possible to measure the impact of the various budget measures.

Finance committee  The $9.1 billion is only for budget 2013. With budget 2012 and the update of 2012 and budget 2013, together we are looking at total measures of about $38 billion for the two budgets and the update. The impact of all of those together will be 67,000 jobs lost.

Finance committee  I wouldn't comment on the management aspect of this. The stimulus package that was introduced in 2009, based on the government's own estimate—

Finance committee  The 2008-09 budget.

Finance committee  If I can go back, the actions that were taken in the 2008-09 budget, based on the government's own estimates, were supposed to create about 220,000 jobs at the time.

Finance committee  Certainly the economy has created about 900,000 jobs over that period, but not all of that is attributed to the stimulus package, only part of that.

Finance committee  Of course, pump priming is the idea, to shock the economy.

Finance committee  Well, as I said, the way we look at these things is to look at the change in the policy—

Finance committee  —and the impact of that policy per se. Anything else that happens is because of other things that are happening in the economy.

Finance committee  As I said in response to previous questions, the revenue forecast depends on the level of GDP that we forecast, and then also on the composition of that GDP, how much of that is personal income, how much is corporate profits. We know what we have in terms of the composition of th

Finance committee  Certainly if we had access to the composition details of the projection of nominal GDP by the government, we would be able to determine how the difference between the two projections can be explained.

Finance committee  Sure. In budget 2013 there are stimulative measures and there are also measures for savings. The net impact of those that we have put together, and it is in our report, is a negative, a reduction. Any kind of compression of spending or raising of taxes would have a negative impac

Finance committee  Actually the 67,000 jobs is a result of the measures taken in budget 2012.

Finance committee  The revenues are determined by the level of GDP and the tax base, which is the broadest tax base. Our nominal GDP that we are projecting over the five years is about $8 billion more than what the government is projecting in budget 2013. That difference in the GDP level explains