Certainly. This government actually chose to adopt a policy that would eliminate the fiscal gap. Is it better to raise taxes or reduce spending? The fiscal framework indicates that the increase in program-related expenditures is 1.5% per year for the next five years. There is not a lot of margin for error in a situation like that. In any case, I think that your question was intended to be very political.
On February 15th, 2011. See this statement in context.