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Finance committee I can mention exactly what it is. It's only the one line. It repeals the Federal Balanced Budget Act, or proposes a repeal to the Federal Balanced Budget Act, deeming it to never have come into force.
May 10th, 2016Committee meeting
Brad Recker
Finance committee Under the current act, which was passed with the Budget Implementation Act, from budget 2015, a government would need to impose an operating budget freeze on departments, and a salary freeze on ministers and deputy ministers, that would come into force this fiscal year, and it wo
May 10th, 2016Committee meeting
Brad Recker
Finance committee According to the Federal Balanced Budget Act, those measures are expected to come into force this fiscal year. What the government has chosen instead to do is to propose a repeal of the act deeming it never to have come into force.
May 10th, 2016Committee meeting
Brad Recker
Finance committee I'm not an expert at past legislation.
May 10th, 2016Committee meeting
Brad Recker
Finance committee I wasn't. I'm from the fiscal policy division. You would have to speak to our legal branch in that case.
May 10th, 2016Committee meeting
Brad Recker
Finance committee I'm not aware of anything for the federal government, no.
May 10th, 2016Committee meeting
Brad Recker
Finance committee At the federal level, yes.
May 10th, 2016Committee meeting
Brad Recker
Finance committee I'm the senior chief of expenditure analysis and forecasting.
May 10th, 2016Committee meeting
Brad Recker
Finance committee Yes. Exactly.
May 10th, 2016Committee meeting
Brad Recker
Finance committee I think the—
May 10th, 2016Committee meeting
Brad Recker
Finance committee Yes. Absolutely.
May 10th, 2016Committee meeting
Brad Recker
Finance committee It's true.
May 26th, 2015Committee meeting
Brad Recker
Finance committee There are two situations. There could be a recession or an extraordinary circumstance, in fact. In the case of a recession, the proposed act indicates that the recession ends when Statistics Canada reports the second quarter of economic growth. In the case of an extraordinary cir
May 26th, 2015Committee meeting
Brad Recker
Finance committee No. In fact, the legislation lists specifically the—
May 26th, 2015Committee meeting
Brad Recker
Finance committee I believe that would depend on the circumstance, and it would be up to the government at that time.
May 26th, 2015Committee meeting
Brad Recker