FINA Committee Meeting

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MINUTES OF PROCEEDINGS

Meeting No. 4

Thursday, October 21, 2004

The Standing Committee on Finance met at 9:31 a.m. this day, in Room 371 West Block, the Chair, Massimo Pacetti, presiding.

Members of the Committee present: Rona Ambrose, Don H. Bell, Guy Côté, Charles Hubbard, Yvan Loubier, John McKay, Maria Minna, Massimo Pacetti, Brian Pallister, Charlie Penson, Monte Solberg and Judy Wasylycia-Leis.

In attendance: Library of Parliament: June Dewetering, Principal ; Alexandre Laurin, Analyst.

The Committee proceeded to the consideration of matters related to Committee business.

Yvan Loubier moved, — That the Finance Committee mandate four specialists in budgetary estimates, one per political party, to provide quarterly estimates on the federal government’s revenues, expenditures and surpluses and to take a critical look at the figures provided by the Department in these regards, such special group to be accountable only to the Finance Committee and paid by it.

The group would continue its work until such time as the Committee made recommendations, in the context of its Order of Reference arising from the Speech from the Throne, on independent tax advice on the estimates.

Charlie Penson moved, — That the motion be amended by deleting the last paragraph (the yellow part) and inserting after the word “That” in the first line, the following: “in relation to the Order of Reference arising from the Throne Speech, the Committee begin a study and make recommendations relating to the provisions of independent fiscal forecasting advice for parliamentarians including the consideration of the recommendations of the external expert, and until the committee reports.

Debate arose thereon.

After debate, the question was put on the amendment of Charlie Penson and it was agreed to, by a show of hands: YEAS: 7; NAYS: 4.

The question was put on the motion, as amended, and it was agreed to, by a show of hands: YEAS: 6; NAYS: 4.

At 10:05 a.m., the Committee adjourned to the call of the Chair.

Richard Dupuis
Clerk of the Committee

2006/02/07 1:03 p.m.