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Results: 16 - 30 of 159
View James Cumming Profile
CPC (AB)
Thank you, Mr. Chair.
Thank you to all the officials who are here today for the work you put in to create these estimates. In fact, I think I complimented all of you when the minister was here by saying that you're a very talented crew.
Given that we have this very talented crew, can you describe for me as a new parliamentarian how difficult it would be, given the work that's been put into these estimates, to produce either a budget or a budget update?
Darlene Bess
View Darlene Bess Profile
Darlene Bess
2020-06-16 17:09
I think I'll let my colleague Brad Recker comment on that. I think he'd be able to provide some more information on that front.
View James Cumming Profile
CPC (AB)
Sure. Given the work that's been put into these estimates, how difficult would it be for the department to produce either a budget or a financial update so that we have a better understanding of the bigger picture of what's going on?
Bradley Recker
View Bradley Recker Profile
Bradley Recker
2020-06-16 17:10
Producing a budget or an update is a pretty significant amount of effort for the department. It is something, however, that we are able to do and is core to our mandate in general.
View James Cumming Profile
CPC (AB)
In addition to these estimates, the main budget and the supplementary estimates, do you believe that you'd be in a position to create a budget and/or a financial update?
Bradley Recker
View Bradley Recker Profile
Bradley Recker
2020-06-16 17:11
The department can and does produce both budget and fiscal updates annually.
View James Cumming Profile
CPC (AB)
For the last hundred years of Parliament, we've always had one each fiscal year. Is it something that you're currently working on?
Bradley Recker
View Bradley Recker Profile
Bradley Recker
2020-06-16 17:11
The department continually monitors the fiscal situation as it evolves. We're in constant contact with private sector forecasters, think tanks, etc. We are always working to monitor the situation.
In the current environment, there's a very high degree of uncertainty. This is evident in any of the outlooks that have been put out by international agencies and others. To that extent, putting out any sort of detailed fiscal outlook over a longer horizon would be a significantly difficult endeavour at this point.
View James Cumming Profile
CPC (AB)
We have seen other governments do it and have seen provinces do it, so it strikes me as something that could be done.
Bradley Recker
View Bradley Recker Profile
Bradley Recker
2020-06-16 17:12
Several provinces have gone ahead and produced budgets or near-term outlooks, but we do not have a date for an outlook for ourselves at this time.
View Andrew Scheer Profile
CPC (SK)
Mr. Chair, the Prime Minister is bragging about accountability and transparency. Will he table an economic update before the House rises?
View Justin Trudeau Profile
Lib. (QC)
Mr. Chair, throughout this unprecedented pandemic, we have been open and transparent about all of the measures we've put forward. We've updated the finance committee—
View Cathy McLeod Profile
CPC (BC)
Mr. Chair, it was really a surprise in the middle of a pandemic to see the Prime Minister at his first campaign stop last week in Ottawa. Certainly the game plan has become very transparent. He has a daily report show and he wants to sideline Parliament, dominate the news cycle and keep everyone in the dark about the state of the economy.
According to the Parliamentary Budget Officer, there is no reason that he cannot provide the fiscal update during the COVID-19 pandemic, and the PBO has published a number of reports himself.
Why won't the Prime Minister provide a fiscal update so we can all understand the state of our economy, or is that just not part of his campaign playbook?
View Mona Fortier Profile
Lib. (ON)
Thank you, Mr. Chair.
Canada's economy is in a period of extraordinary uncertainty due to COVID-19. We've been clear about that.
We will continue to be open and transparent about the actions that we are taking to support families, businesses, workers, our health care system and our economy. This includes biweekly reports to Parliament on the full cost and status of our economic measures. Once it is possible to provide a clear economic projection, we will provide an update.
We are in this together, and we are prepared to do whatever is necessary to support Canadians.
View Cathy McLeod Profile
CPC (BC)
Chair, Canada's economy was in trouble prior to the COVID, with some of the worst numbers since 2009. Government revenues in March dropped by 7.2%, and it's shameful and, quite frankly, it's outrageous that they refuse to provide Parliament and Canadians with an economic update.
Households during this challenging time know how much money is coming in and they know how much money is going out. The picture is not pretty, but they know what the picture is.
Can the finance minister at least reveal the projected revenue decline in quarters one and two?
Results: 16 - 30 of 159 | Page: 2 of 11

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