Mr. Speaker, in his last budget the Minister of Finance announced that Canada's debt would increase by 20 per cent or $97 billion over the next three years. He has planned to do that. Such an increase is the highest in the history of Canada for any three-year period.
Now the news is that even this target will not be met and that the debt at the end of three years will be $10 billion to $16 billion above the $97 billion already planned.
What will the Minister of Finance and his government do about this frightening problem of a runaway deficit?