moved for leave to introduce Bill C-342, an act to establish principles of responsible fiscal management and to require regular publication of information by the Minister of Finance to demonstrate the government's adherence to those principles.
Mr. Speaker, this act would require, among other things, that the crown's financial reporting be in accordance with generally accepted accounting practices so the people of the country could see what the debts and assets of the country are.
In addition, it would require the government to publish before each general election an economic and fiscal update prepared by Treasury Board for the next three years and also to include forecasting of the estimated actual financial statements for the crown.
(Motions deemed adopted, bill read the first time and printed.)