Public Accounts committee  Nothing will be corrected. We'll determine whether the information is available in other documents. This is in line with the standards in place for recording—

Public Accounts committee  You are asking excellent questions, Mr. Giguère, but again, I'm not sure I'm looking at the right line in the right table. Would you mind slowing down a bit and telling us whether you are actually referring to table 1.2?

Public Accounts committee  To the best of my knowledge, that is true. If each and every year, there's a change of some sort, a sale or outflow of those assets, the difference between the fair market value and the cost value should indeed be taken into account. A check would be necessary to determine whet

Public Accounts committee  I am sure it doesn't appear in the Public Accounts. We're talking about crown corporations with their own bookkeeping practices. It should actually be done at the market price. We'll make sure to follow up with you. We'll try to determine whether we can find the market value of

Public Accounts committee  Mr. Chair, we believe, and this is what we have said in our document, that the strong fundamentals in Canada, whether economic, financial, or in the fiscal foundation, have led to a better performance during the global slowdown and in the recovery than is the case with some other

Public Accounts committee  Well, elderly benefits were one. Clearly, these are indexed to consumer price inflation, and because of the aging of baby boomers there are obviously many more every year who pass the age of 65 and receive these payments thereafter. This was one factor that led to that growth of

Public Accounts committee  There are two factors. First, the reduction in tax rate has a cost to it, but again when the economy is growing, these costs will be more than offset by the growing economy. That's why you end up with still higher revenue despite the fact you reduced the taxation rate. It all dep

Public Accounts committee  The effective interest rates you mentioned before, 3.4%, those are market rates that reflect that structure. If we have more long-term debt and less short-term debt, this average rate will be higher. If we have more short-term debt, it will be lower. This reflects two things: a

Public Accounts committee  Yes, the difference in spending was lower than expected in 2012-13. At the same time departments had been lapsing a bit more than $10 billion compared to their appropriations. It's fairly difficult to explain from a forecasting point of view because the lapse we talk about in ou

Public Accounts committee  I wanted to outline that the two are not the same, but effectively what happened in 2012-13 is we assumed a lapse on an accrual basis in the projection.

Public Accounts committee  We could only break it down between foreigners who owe Canadian debt and our own debt. So it's between Canadian citizens and foreigners. We don't have another breakdown on that. Foreign holding of Government of Canada venture debt has been increasing. We have more issues since

Public Accounts committee  I will let my colleague Douglas Nevison answer that question.

Public Accounts committee  Basically, taxation is growing more or less in line with GDP.

Public Accounts committee  Yes.

Public Accounts committee  Absolutely.