Mr. Chairman, the standing committee on finance reviewed this bill extensively in its meetings on December 5th, 6th, 8th and 11th. The committee was pleased that the Minister of Finance and his staff were available to answer the many questions of the committee. Responses to our questions, although not always to our liking, were provided in a very efficient manner.
During our meeting on December 11th the committee agreed to recommend this bill to the House for consideration. The committee recognizes that the bulk of this bill was formulated by the previous administration. However the committee did have several concerns. I will speak to the major ones. Members of the committee may have comments on the detail of this bill during the discussions in committee of the whole.
The first concern of this committee was the short amount of time we had to review the bill. The committee received the details of this bill, the evening of December 2, just two days prior to our meeting. The committee recognizes the time constraints that all Members have been under of late, including the Executive Council, but we stress that these bills must be received in ample time to allow for a full and comprehensive review.
Secondly, the committee was concerned about the size of the supplementary appropriations that are coming forward. If this bill is passed, the total supplementary appropriation for the current fiscal year will be over $80 million and we still have three months left at the end of the fiscal year.
Finally, the committee is concerned about the use of special warrants. These expenditures are made without the prior approval of this House. The committee feels that special warrants should only be used in exceptional circumstances. I would like to point out that the former chairman of SCOF, now the Minister of Finance, had similar concerns with special warrants. This is an area we have only touched upon with the Minister of Finance, but one we will be giving close scrutiny to over the next four years.
---Applause