Mr. Speaker, the Prime Minister has said repeatedly, in no uncertain terms and as recently as yesterday, that we are firmly committed to bringing the deficit down to $25 billion in 1996-97.
The Prime Minister also said that we wanted to proceed mainly by cutting spending, but if we had to change this, we were prepared to do so because the main objective is to avoid the burden of higher interest rates.
The Prime Minister also made it very clear that he wanted to close tax loopholes, a process we started in the last budget.