Mr. Speaker, Canadians understand the importance of living within their means, and they expect the government to do the same thing. That is why we are working so hard to spend taxpayers' money responsibly and to balance the budget in 2015.
Yesterday the Prime Minister announced that our approach is working. In fact, is it working so well that the deficit for the most recent fiscal year was just a little over $5 billion, which is much lower than the forecasted amount. This is good news for Canadians and for the economy. Balanced budgets allow us to cut taxes and still guarantee long-term sustainable government services for Canadians.
While the NDP and the Liberals continue to call for reckless spending, the Conservative government remains committed to ensuring that every taxpayer dollar is spent effectively. Unlike the leader of the Liberal Party, we know that budgets do not balance themselves.