Mr. Speaker, I am rising in the House this evening to discuss a question that I asked the minister of ACOA, the Atlantic Canada Opportunities Agency, on May 5. We know that, with respect to economic development, agencies are very important to businesses for development and for community projects.
A few days before rising in the House on this issue, I was reading an article in which the minister responsible for ACOA boasted that there would not be cuts at the Atlantic Canada Opportunities Agency. He guaranteed that the money allocated in the budget would be there.
I was not surprised when, a few days after his comments, the President of the Treasury Board rose and stated that he would cut $1.7 billion from 13 departments and agencies. The Atlantic Canada Opportunities Agency is on the list of agencies subject to the $1.7 billion in cuts. What a surprise!
It seems that the minister responsible for ACOA knew that cuts were coming and was trying to make the people believe, through the media, that he would do everything possible and that ACOA would never be subject to cuts. But what happened? Surprise cuts of $1.7 billion were announced. We will certainly be able to see what the real impact of these cuts will be on the agency.
When I asked my question in the House on May 5, the minister, rather than speaking of the future impact of these cuts, spoke instead of the money and services provided by the agency in past years. He did not answer my question, which was a simple one: what will be the future impact of these cuts on the agency? What will be the direct impact on the agency of the $1.7 billion in cuts to these 13 agencies and departments? How much money will no longer be provided to businesses? How much money will no longer be provided to community-based projects? That was the question and it was not a difficult one to answer.
The minister said that in the four years since 2006, the government invested $105 million in Atlantic Canada. The minister needs to understand one thing. The government invested $105 million, some of that in New Brunswick, which is roughly equivalent to what it is spending on eight hours of the G20 summit—less than eight hours, in fact. And the Conservative government is increasing that amount day by day. First it was $193 million, which grew to $800 million, then $900 million, then $1 billion, and now $1.1 billion. Clearly, the sky is the limit. The government will spend the same amount of money in less than eight hours at the G20 as it invested in New Brunswick over four years.
Perhaps the government should have thought this over a little more, and instead of spending over $1 billion on the G20, it should not have cut $1.7 billion from the budget for economic development agencies that are working on economic recovery, helping our communities and our non-profit organizations, and helping businesses create jobs. Unfortunately, the opposite is happening.
I hope that the parliamentary secretary—I have no doubt that he is the one who will answer me—will be able to explain the negative effect that $1.7 billion cut will have on ACOA. Maybe the government will see that the amount of money it is spending on less than eight hours at the G20 will be the same as what it invested over four years.