Mr. Speaker, I find it somewhat ironic that the hon. member would ask me a question about deficit reduction when his leader, deputy leader and colleagues keep telling us not to cut back and deal with the deficit.
With respect to the deficit, we are clearly on the way to reducing it to 3 per cent of the gross domestic product within three years. And once this target is achieved, Canada will be in this good a position for the first time in 15 years. This should be applauded, and you are right to do so, Prime Minister.
I am not done, Mr. Speaker.
Having said this, as for our revenue projections, the vast majority of economists agree that for once, Canada has a realistic budget in terms of revenue, inflation and interest rates.