Mr. Speaker, today a confidential document produced by the International Monetary Fund states that the government's goal of reducing the deficit to 3 per cent of GDP is woefully inadequate and will permit the addition of another $155 billion to the federal debt over the next few years.
The problem here is that the minister's deficit reduction target is essentially political, geared to appeasing proponents of high spending rather than a real fiscal target aimed at balancing the budget.
My question to the finance minister is will he follow the IMF's advice and introduce more ambitious deficit reduction targets now?