Mr. Speaker, Saturday's Globe and Mail reported that the Minister of Finance asked his colleagues to accept new spending cuts in order to counteract the effect of rising interest rates. It seems that at a meeting on the weekend, the cabinet was split on the minister's proposal, with a number of ministers preferring to wait and see before making additional spending cuts.
Does the Minister of Finance intend to table a supplementary budget in the fall to reduce government spending by at least $3 billion, in order to counteract rising interest rates and keep the deficit down to $37.2 billion as announced in his budget?