Mr. Speaker, when the Unemployment Insurance Fund shows a surplus, it is entered as a surplus, and the money is used in the government's current accounts. On the books, however, it is considered as a debt we owe this fund. Instead of borrowing on the market, we use this fund. It is on record as a reserve that will have to be paid back if necessary. However, because we have worked very hard to reduce unemployment since we formed the government, the Unemployment Insurance Fund has shown an annual surplus because of our good management.
In the House of Commons on December 6th, 1995. See this statement in context.