Mr. Speaker, the money markets are judging the performance of the government and they are not judging that performance favourably.
The minister must admit the 3 per cent target will add at least $100 billion in debt over the short term. At best with current growth rates and interest rates, the markets are discovering that this means a likely continued deterioration in the debt-GDP ratio.
Will the minister admit that the 3 per cent target is inadequate and must be revised on more fundamentally sound economic grounds?