Mr. Speaker, there is an old Chinese proverb which says that a long journey starts with the first step.
I would like to take this opportunity to congratulate and thank my colleague, the Minister of Finance, because his budget is a giant step toward the journey back to fiscal stability in Canada.
His budget is a realistic approach to the problems that have plagued our nation for a long time. The measures the budget proposes will allow us to both provide the jobs people need and gradually reduce the deficit in a sensible manner.
The provision of employment is especially important in the riding of St. John's West which I have the honour to represent. It is especially important to the province of Newfoundland and Labrador. It is also important to Atlantic Canada where unemployment has been unacceptably high for as long as anybody can remember.
The benefits of this budget have already been seen. Recent unemployment figures are down nationally and in Newfoundland. We should continue our efforts to reduce those figures and that is going to be the goal of this government.
It is encouraging to note the extremely strong commitment this government has demonstrated toward the survival of the fishing industry in Newfoundland and Labrador and in the riding of St. John's West. During the next five years the government has committed $1.9 billion in assistance to Atlantic Canadian fisherpeople and plant workers. The government is putting the money where it is really needed.
It should be noted well that this long term approach is a vote of confidence in the fishing industry that is so vital to the people of St. John's West and to the entire province.