Thank you, Mr. Chair. I have some questions. I don’t really have comments, but in going over the bill at committee, there were a number of things that I wondered about. Maybe I can just, sort of, wonder those out loud and then the Minister can respond.
We haven’t seen a bill like this every year and I wondered if I could get a sense of the trend over the last, say, 10 years or even five years of how much we are writing off annually. Is it an amount that’s going up or going down?
I also wondered about the policies and the guidelines that we use to write off debts. I know these are, as they mentioned, debts of the Business Development Investment Corporation, but how often are our policies and guidelines reviewed and updated? Since we’re basically taking money off the books as we write off an amount of money, I wondered how hard, I guess, we, as a government and as the Department of Finance, how hard they work to collect the money that we are about to write off, and in terms of collections, if we do write it off, if once this bill is passed there are still some debts there, does the government still try to collect that money? Or once it’s written off, do we just say, okay fine, and we totally forget about it and it’s gone away?
I know the Minister mentioned that these are Business Development Investment Corporation’s, but I gather that we do write-offs of public agencies, and I wondered if there were any other public agencies besides BDIC that we would encounter write-offs for. Thank you.