Mr. Speaker, we brought down a budget in February, and we predicted a deficit of $39.7 billion. We are confident that at the end of the year, we will be below that level.
At the time, we also predicted that the deficit would be around $32 billion at the end of the second year and would drop to $25 billion-the level required to meet our objective of 3 per cent-by the end of the third year. We said, I said so myself as did the Minister of Finance, that we would do what it takes to meet our objectives.