Mr. Speaker, indeed, the world is changing and we must adapt. That is exactly what the Prime Minister said: We must “spend less so we can invest more”. That is why, earlier this week, I presented a new approach, a new framework that will focus on capital formation and, at the same time, change the budget cycle.
This will give parliamentarians, including the opposition, greater clarity when reviewing public accounts. It will give businesses and various organizations that receive federal funding greater predictability for planning. It will provide more opportunities to align with the construction season. Everyone wins with this new formula.