Mr. Speaker, unfortunately we are not talking about loans here.
Budgetary expenditures show the government is planning to spend $3.3 billion in grants to businesses in 1994-95 and a further $3.1 billion in 1995-96. The Canadian Federation of Independent Business has recommended there be no grants to businesses.
When the red book promised substantial savings can be realized in grants to businesses and when the CFIB itself does not want these grants, why is this government planning to spend billions of dollars this way in the next two years?