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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