Mr. Speaker, the member refers to the four rating agencies. He will know that the actions taken by the other rating agencies were taken some time ago before the election. Moody's has simply brought our foreign pay debt down to the levels of the others.
It does not mean this is an acceptable situation. We laid out very clearly in our budget that we were going to hit our interim target of 3 per cent within three yeas, that our ultimate goal was to eliminate the deficit. Since then the Prime Minister has on many occasions confirmed our intention to do so.
We said in the House that we will take whatever action is required to hit our targets and I can confirm that again.