It should be noted that the budget officer’s office conducted its analysis before the new provisions in Bill C-9, An Act to implement certain provisions of the budget tabled in Parliament on March 4, 2010 and other measures, was introduced and that changes were made to the mechanisms for handling deficits and the employment insurance account.
First of all, one of the provisions was deleted. There were no more advances. The advance mechanism in the employment insurance account, whereby interest could have been added, no longer exists. It is a mechanism that no longer exists, and, consequently, there cannot be any interest added to the deficit.