Public Accounts committee  But if I could, just to—

Public Accounts committee  All right. If you have more questions, you go ahead.

Public Accounts committee  Your first question, with regard to the capital and whether it stays with the same project, is a fascinating question. From a parliamentary control perspective, Parliament controls on the total vote. It's just one global number for capital. You're not approving certain projects.

Public Accounts committee  This is a fascinating question—

Public Accounts committee  —so my friend Nick is going to have to weigh in here. This is great. When our colleagues at Finance do the budget, they know that departments are not going to spend all of the money that Parliament authorizes, so they make their own projection as to what will actually be spent.

Public Accounts committee  But that's a different number than what we've been talking about with the lapse, because Finance knows that infrastructure money generally lapses in fairly significant amounts. DND usually lapses big funding. That's kind of the trail.

Public Accounts committee  That's $5.7 billion for bonds on the accumulated deficit, I think, and $1.6 billion—

Public Accounts committee  It depends on which year you're looking at. If you're looking at the 2013-14 year, there was an increase in the opening balance accumulated deficit of 2013-14 and a $0.3 billion decrease in the annual deficit of 2012-13. If you're looking for the annual deficit impact, it's $0.3

Public Accounts committee  If we hadn't done that adjustment, if we had just decided not to make these changes at all—that's your question?

Public Accounts committee  We would have had a $0.3-billion decrease related to the bonds, and then $0.2-billion related to social housing. Basically, the impact in the 2012-13 year would be $0.5 billion.

Public Accounts committee  My colleague to my right might want to explain the impact on 2013-14.

Public Accounts committee  I want to get Mr. Vaillant on the record.

Public Accounts committee  It's amazing, but Mr. Leswick and I were discussing this by email last night. Our financial statements are driven by externally set accounting standards. It's important to compare results against budgets. That just makes them meaningful. In the way the accounting standards are w

Public Accounts committee  The CRA's focus—and you're quite right that it was the focus in the budget—was on taking a strong stance against international tax evasion. If I recall correctly, the 2013 economic action plan, which was the budget, focused on three things. One was the offshore tax information pr

Public Accounts committee  I have a couple of comments when you're looking at the lapses. Parliament votes money in three different votes. It's an antiquated system, but it's operating, capital, and grants and contributions. If I recall correctly, the lapse at Fisheries and Oceans was around capital. The