Mr. Speaker, the 3 per cent target is a very important target. It really does mark that point in the evolution of the nation's economy where once again the growth in the economy becomes superior to the growth in the debt.
The 3 per cent target as well is a very ambitious target. It means having the deficit as a percentage of GDP in under three years. It is a target that has not been hit by any government in over 20 years, and it is going to require a very ambitious program.
I would say that not only are we prepared to follow the IMF's advice but in conversations we have had in Madrid along with all the other countries in the IMF Canada was singled out for its economic performance.