Finance committee  I won't be able to elaborate on the specific details today, because those kinds of decisions will be made in the coming months by deputy ministers and ministers, who know their businesses best. I would point out that, in particular, refocusing government spending—this is the na

Finance committee  As the ADM of fiscal policy, certainly one of my top priorities coming out of the budget is to see through the savings exercise and the fiscal actions the government has just announced. I believe there's a credible process. It will be led by the Treasury Board Secretariat. I agr

Finance committee  I'll start the response with your question on debt service charges. Our most recent information is in the budget we tabled just a couple of days ago. We highlight how the rising interest rate environment and higher borrowing requirements result in higher debt service charges. Pu

Finance committee  The details concerning the estimates are the responsibility of Treasury Board. However, regarding our estimates, we have access to certain data for submitting our estimates.

Finance committee  I can simply tell you that our estimates, which were tabled two days ago, are our best estimates and are based on the data and information available at present.

Finance committee  Thank you for that question and for sharing that observation from the minister, because we weren't in the room yet. That was an interesting connection to make. I'm the ADM at finance responsible for both of these tracks of work. In my mind they are quite separate. The President

Finance committee  The table that I find most helpful—and you might have already seen it—is on page 20 of the English version, table 1, in which we start with the budgetary balance from the fall economic statement and work our way down through the new measures in the budget, with changes in terms o

Finance committee  Yes. The budget measure includes an announced ongoing savings component.

Finance committee  This ongoing savings commitment in the budget will be followed up with a Treasury Board Secretariat president-led process, so—

Finance committee  This measure includes ongoing savings and follows up on the budget 2022 commitment to do so.

Finance committee  Yes.

Finance committee  Yes.

Finance committee  Yes, you found the right table. I will add that the government has already reimbursed the Employment Insurance Operating Account by transferring $27 billion to it. As the name indicates, the employment insurance program is an insurance program, so it is provided that workers cont

Finance committee  I'll start and she may supplement. Because the EI account is consolidated in the Government of Canada's finances, the $25 billion is $25 billion wherever it is. If there is an interest to somehow make the EI account whole faster than the seven-year break-even rate would call fo

Finance committee  Mathematically speaking—I'm not going to dispute the math there—the government has directly shouldered from the consolidated revenue account the vast amount of support for individuals, both through that transfer back for the EI-ERB and through all of the individual benefits that