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Finance committee  In general, we are always analyzing and trying to understand what is going on within the economy, particularly these days. Indeed, there is a great deal of change going on, be it in terms of economic development or from a budgetary point of view. This is a very turbulent period.

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  What relationship are you referring to?

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  I'll let Brian Ernewein, who's the general director of tax policy, answer that.

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  I'll let my colleague Richard Botham, who's the general director of our economic development and corporate finance branch, answer the question.

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  For the 2008-09 fiscal year, which just ended this past March, we would have audited financial statements sometime in September or October. We could go back one more year to 2007-08 and show you the information you are looking for. That is in the public accounts, however. In fa

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  I'll let my colleague Jim Haley provide more details. Effectively, these are payments we make intermittently to international organizations. They aren't annual payments. Jim, I'll leave you to expand on that.

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  The public accounts will provide you with a reconciliation of amounts that have been requested in the main estimates versus what was actually spent.

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  No, it is tabled in the House of Commons by the President of the Treasury Board .

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  That's correct. It would be once we actually know what we've spent and once the amounts have been audited by the Auditor General.

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  Within the department, we don't think there's anything significant. There may be an odd adjustment related to the extraordinary financing framework to the extent that we need operating expenses.

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  Government-wide, though, this fiscal year will be somewhat exceptional. First, within the main estimates, there are about 35, as you all know. Treasury Board Secretariat is planning to table an early supplementary estimate to obtain appropriation authority for the full range of b

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  One must remember that in January, when the budget was tabled, the government decided to rely on forecasts that were far and way lower than the average of private sector forecasts. It is clear that despite this adjustment, economic risks were worsening. In that context, one can s

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  I do not think so. In fact, the OECD has published its own figures, based on data different from ours, that indicate that Canada has one of the most significant economic plans in the world.

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  This is a comparison between the 2008-09 and 2009-10 main estimates, right? They were the main estimates presented in February 2008. This represents changes between February 2008 and February 2009.

May 5th, 2009Committee meeting

Paul Rochon

Finance committee  Yes, it's $2 billion, because market interest rates over that period declined.

May 5th, 2009Committee meeting

Paul Rochon