Finance committee  We're working through the budget process right now and to review proposals submitted by the cabinet ministers, who have brought forward proposals in the budget process. We're in the midst of costing those proposals for consideration by the Minister of Finance for ultimate budget

Finance committee  Right, I understand, and thank you for the question because there is a complexity here. The level in growth terms—we're not anticipating any change in growth—but because you're effectively growing more slowly in 2016, you're going to have a lower level in 2017. Even though you'

Finance committee  Have we costed the platform in the minister's mandate letter? I mean, we're—

Finance committee  Andrew, do you want to touch on the tax stuff?

Finance committee  It has to do with level terms, so the growth in that year is consistent with the growth in the private sector survey that was conducted in November. But the fact of the matter is that adjustment of $40 billion is on level terms and we feel that the size of the economy in nominal

Finance committee  If you look at the same table you're referencing, nominal GDP is effectively the size, in nominal value, of the Canadian economy. We believe that the size of the Canadian economy for 2015 will be roughly $1.988 trillion, so in level terms, which is.... Nominal GDP is the broadest

Finance committee  That's a good question. I can get back to the member on that.

Finance committee  That's a good question. I'm sorry, I don't have an answer for you today.

Finance committee  I understand the question. The System of National Accounts is an international system so that countries can operate and compare their financial statistics in comparable terms. There are revisions to the system to ensure the system is properly recording certain revenues and expe

Finance committee  Thank you for the question. When we set the economic and fiscal forecasts, our economic forecast is effectively a straight average of the 15 private sector economists that we survey. We take all their variables across a menu of different economic indicators and just take the str

Finance committee  I believe the minister in his announcement yesterday said that the advisory council would be compensated with a nominal $1, and that all their expenses would be compensated as well.

Finance committee  No, it will be funded within existing reference levels in my branch.

Finance committee  I don't have an update on EI numbers for you. We certainly will have that in the budget on March 22.

Finance committee  Correct.

Finance committee  I don't have the list in front of me. To take a step back, fiscal multipliers are subject to a degree of subjectivity and model assumptions in how these things ultimately are calculated. There's a great deal of debate, as I'm sure the member is aware, on the value of some of th