Mr. Speaker, the hon. member may want to take a look at the red book and the government's commitment. We stated very clearly that our goal was to reduce the deficit to 3 per cent of GDP in the first three years. Our ultimate goal is and always will be a balanced budget. If we can achieve it sooner, we will. The finance minister will set out a new fiscal plan in the next budget. I anticipate that Canadians will review this plan and be very pleased.
In the House of Commons on December 1st, 1994. See this statement in context.