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Finance committee  That's right.

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  Right. I think it may be important to understand how this document gets put together and when, vis-à-vis budget 2017 or the annual budget. The main estimates are produced prior to the tabling of the annual budget. We have to draw a line in the sand in terms of what projections

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  That would be correct.

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  In general terms, what you see in the Department of Finance's estimates are the main federal-provincial transfer payments and the interest expenses on mature debt. Those are the high-profile items that you see in our estimates. Any expenditures with respect to the areas that you'

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  That would, yes.

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  I think it would be a function first of when the necessary legislation and authorities come into place. Typically, any adjustments after those authorities are in place would be supplementary estimates (B), or possibly (C).

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  That's correct.

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  Thank you for the question. I'll answer in English. First, I'll start with the figure for the estimates to date figure. That's the $98 million, compared to the request in the 2017-18 main estimates of $89.2 million. The decline that you see there is a function of a number of di

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  The main estimates for 2017-18 as you see them here do not include any amounts for advertising. That is not unusual. To the extent that they are decided on, those amounts typically come through later in the expenditure cycle, in supplementary estimates (B) or (C), so that would b

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  If I understood your question the right way, you were asking who would be the recipients of these interest payments that are presented in the main estimate documents. The line item for interest on mature debt, which, as you point out, is approximately $15 billion, is a reflectio

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  In the context of this particular line item that shows disbursements related to unmatured debt, I would imagine that, if financial institutions are holding some of those securities on their balance sheets, they would be a recipient of these interest payments as well.

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  The department takes cybersecurity very seriously. There are a number of existing functions within the department that are dedicated to maintaining the security of the department from an IT perspective. With respect to information technology services more specifically, there are

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  Speaking as an accountant of the department, I would say it's not exactly my speciality. I do know, though, that there are a number of qualified individuals working within the information technology group, both within the department and also within Shared Services Canada and othe

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  I'm not aware of any specific deliberations with respect to other denominations of coins. What I can say is that there is historical precedent with respect to removing coins from circulation such as in the case of the penny, which was designed to reduce costs with respect to penn

April 10th, 2017Committee meeting

Christopher Meyers

Finance committee  Good afternoon, Mr. Chair. As the Chief Financial Officer, I am the lead official responsible for preparing the financial reports and presenting the main estimates 2017-18 for the Department of Finance. Joining me today are officials who will help me provide a more complete pi

April 10th, 2017Committee meeting

Christopher Meyers