The report also calls on the Liberals to provide quarterly economic and fiscal updates for the remainder of the pandemic as a check on where money is going
Parliament passed the COVID-19 Emergency Responses Act on March 24. The government was granted considerable spending power and was exempted from having to request approval to expand borrowing authority.Article content continued
“In order to help Canadians and make sure nobody falls within the cracks and all the gaps are covered, we have to know where we’re at at a financial point in time,” said Loffreda. “We have to know where we’re starting from to determine how much help we can put out there.” Loffreda said quarterly financial updates would allow the government to determine the economic stimulus needing to go out. He said the economic stimulus could be provided through tax credits, infrastructure investments, and enticing entrepreneurs to invest.The report said the Senate committee wanted the government to return to traditional parliamentary sittings to approve government spending.
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