Mr. Speaker, I will be splitting my time with the member for Palliser.
I would like to take this opportunity to restate the government's view of the parliamentary budget office. As members know, it was the Conservative government that created the Office of the Parliamentary Budget Officer to provide independent analysis to the House of Commons and Senate about the state of the nation's finances and the economy.
This office was a key element in the Federal Accountability Act that demonstrated our commitment to accountable government following 13 years of Liberal mismanagement. In fact, strengthening accountability and increasing the transparency of our public institutions has been one of the hallmarks of this government.
On coming into office, our first order of business was to introduce and implement the Federal Accountability Act. This act provided Canadians with the assurance that the powers entrusted in the government were being exercised in the public interest.
Some of those items from the Federal Accountability Act included reforming the financing of political parties, banning secret donations to political candidates, strengthening the role of the Ethics Commissioner, toughening the Lobbyists Registration Act, making qualified government appointments, cleaning up the procurement of government contracts, cleaning up government polling and advertising, providing real protection for whistleblowers, and strengthening access to information legislation.
The act was wholeheartedly embraced by Canadians. That was just under seven years ago. The Federal Accountability Act and its supporting action plan contain dozens of measures and hundreds of amendments to some 45 federal statutes, touching virtually every part of government and beyond.
We did not stop there. We recognized that parliamentarians and parliamentary committees needed access to independent, objective analysis and advice on economic and fiscal issues to better hold the government to account for its decisions.
That is why we established the Office of Parliamentary Budget Officer within the Library of Parliament. The mandate of that office is to provide independent analysis to the Senate and House of Commons about the state of the nation's finances, the estimates of the government and trends in the national economy. It is to undertake research on the nation's finances and economy and the estimates of the government when requested to do so by certain parliamentary committees. When requested to do so by a member or a committee, it is to estimate the financial cost of any proposal relating to a matter over which Parliament has jurisdiction.
Essentially, the job of the Parliamentary Budget Officer is to give parliamentarians information and independent analysis they can use, along with information provided by the government, to hold the government to account with respect to the nation's finances and the economy.
This is exactly what has happened since the office was formed in March 2008. The Parliamentary Budget Officer has published many reports since his appointment. In his role within the Library of Parliament, the PBO has studied many things, including our government's economic action plan, which has created more than 900,000 net new jobs since July 2009.
The Parliamentary Budget Officer's position within the Library of Parliament provides an excellent platform for the officer to perform credible, non-partisan research and analysis on fiscal matters within his mandate.
Our Conservative government has continued to provide Canadians, parliamentarians and the Parliamentary Budget Officer with record amounts of information on government spending.
Another hallmark of this government has been the strong management of the nation's finances and the economy since 2006. In fact, I am happy to say that the main message of the Parliamentary Budget Officer's most recent report, the “Expenditure Monitor: 2012-13 Q2,” is that the government is on track with its spending reductions. In other words, our reductions in direct program spending are in line with the restraint efforts we announced in budget 2012.
The “Expenditure Monitor“ is a periodic report that examines recent changes in the government's expenditures and compares them to our stated expenditure plans. As the report makes clear, we are making good headway toward our goals of contributing to balanced budgets and reducing growth in government. I would add that the Parliamentary Budget Officer is not the only who thinks so. Our strong management of the national economy is recognized around the world.
For a few years now, Forbes magazine has ranked Canada among the best countries in the world to operate, thanks to our sound banking system, declining tax rates and, yes, our relative lack of red tape. Also, in December, Canada cracked the global top 10 when it comes to corporate tax competitiveness, according to a report by PricewaterhouseCoopers. It looked at our tax rates, now the lowest among the G7, as well as the number of hours it takes a business to fill out all the forms and actually pay those taxes. Guess what? Under our Conservative government, Canada went from 28th in the world in 2010 to 8th place.
However, taxation is not the only area where Canada is outperforming. Canadian economic growth has also been more resilient than growth in other G7 economies, both during the recession as well as throughout the recovery. Most striking, Canada has outperformed all other G7 economies in job creation during the recovery. Our government remains on track to balance the budget in the medium term and to maintain its position of having the best fiscal record in the G7 with the lowest debt to GDP ratio.
Taken together, it is not surprising then that Canada is internationally recognized as one of the best places in the world to do business. Our fiscal situation is the envy of other nations. Our taxes are low. We continue to create jobs and we are cutting red tape. This is what we were mandated to do and it is exactly what we are doing.
I would add to that list our strong commitment to accountability and transparency, as demonstrated by our government's sweeping anti-corruption measures under the Federal Accountability Act. It was our government that created the parliamentary budget office. We believe it is capable, in its current form, of conducting credible, non-partisan support for parliamentarians.