Discussion · Government Orders
Alexis Deschênes Bloc Québécois
“I am asking my colleague about the cost of the sovereign wealth fund. The Bloc Québécois is worried about the lack of transparency. How much public money will go toward paying interest on the $25 billion and paying for the tax credits? What does she think about using public money for oil projects?”
“Mr. Speaker, I would like to draw on my colleague’s expertise in the field of finance. We in the Bloc Québécois are concerned about this sovereign wealth fund. First, public funds are being invested in a framework whose lack of transparency is concerning to us. Has my colleague been able to estimate the total cost of the public funds that will need to be invested in the sovereign wealth fund, particularly to pay the interest on the $25 billion, but also to pay for all the tax credits that could be offered to encourage investment in this fund? Also, what does she think of the notion that public funds will be invested in infrastructure projects, particularly oil-related ones?”
Official Hansard
Mr. Speaker, I would like to draw on my colleague’s expertise in the field of finance. We in the Bloc Québécois are concerned about this sovereign wealth fund. First, public funds are being invested in a framework whose lack of transparency is concerning to us. Has my colleague been able to estimate the total cost of the public funds that will need to be invested in the sovereign wealth fund, particularly to pay the interest on the $25 billion, but also to pay for all the tax credits that could be offered to encourage investment in this fund? Also, what does she think of the notion that public funds will be invested in infrastructure projects, particularly oil-related ones?