Mr. Speaker, as the sound of the name is French perhaps I should reply in French because it is not the hon. member's question but was apparently asked by somebody else.
Every government wants to balance its books. No government wants a deficit. We have a target that is very well established in the red book to reduce the deficit in relation to GNP to 3 per cent and we intend to do that. Of course when we get to 3 per cent we will try to go lower and the day we have a balanced budget I will be extremely happy. But I cannot guarantee that to anybody.
Even if we were to pass that law, sometimes things happen which are completely outside the control of government and we have to meet those needs. It is a kind of dream to think that passing a law will balance the books. They have done it in the United States for how many years? They still have a problem there too. It is a problem around the world.
In Canada we have the problem but it is no worse than the one in Europe. Our deficit in relation to GNP is 6.2 per cent and the average in Europe is 6.5 per cent. I am not happy with that. I want to reduce it to 3 per cent in the next three years. After that we will go lower with everybody's help.