Philip Lawrence at the Public Accounts Committee

On January 26th, 2021. See this statement in context.

January 26th, 2021 / 12:20 p.m.

Conservative

Philip Lawrence Conservative Northumberland—Peterborough South, ON

I'll go quickly here. The deficit was $39.4 billion. Even correcting for the small amount of the pandemic that had started in March, we had quite a large deficit. From my review of things, it's largely because of a drop in tax revenue due to a slowing of the economy.

Mr. Leswick, would you agree with that assessment?

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