iw Comey - i hingshi meine Hon. Scorr Brisox, P.C., M.P- Kosoe HA Minister of Finance ‘Te Honourable Joe Oliver, P.C, MP Department of Finance Canada 90 gin treet Ottawa, Ontario. KaAOGS. 22 uly 2015 Dear minier |am writing to you regarding comments yesterday that you are “comfortable that we willachieve 3 budgetary surplus this yea.” As you willknow, the Parliamentary Budget Officer's report today directly isputes your questionable claim, and reveals that the Government of Canada is projected to run 2 $3 billion defi in 2035-16 ‘As the report indicates, the PBO didnot run is own economic projections, but sed the Bank of Canada's projections rom its recent Monetary Poley Report. The PBO used these projections and your department's own model fr government revenues and expenses ‘Despite this, you and the Prime Minister contend thatthe budget wil stil be balanced. Asa result your Conservative government either believes the Bank of Canada's projections ate ncorec, or the Department of Finance's models wrong ‘The Bank of Canada said we arena recession ths year, and there has been zero economic growth to date in 2015. Canadians deserve honest answers and information from their government. lam cling on vou to appear before the House of Commons Standing Commitee on Finance in order ta explain why ‘you believe the Bank of Canada and the Parlamentary Budget Officer are wrong, 1am also cling on you ‘to make pubic your departments updated projections on expected revenues and expenditures for 2015/2016, ook forward to your reply on this important matter. Sincerely, ME oc Hon, Scot Brson, PC, WLP. (Kings—Hants) (CC: James Rajotte, mM. Chair ofthe House of Commons Standing Committe on Finance