Mr. Speaker, I assure the hon. member that we are on target. Deficit reduction is an essential component of our job creation plan because deficit reduction means lower interest rates and lower interest rates mean more jobs for Canadians.
I assure him that we will hit our interim target of 3 per cent. I assure him that we will hit this year's target of $32.7 billion. I am delighted to say to him that not only did we hit our target for 1994-95, we in fact beat it by $2.2 billion.