Mr. Speaker, I am proud to report to the house that the Reform Party of Canada, the party that firmly believes in fiscal responsibility, completed the year 1994 with a surplus of close to $400,000.
I would also like to report that the Reform Party added the $400,000 to existing cash reserves in excess of $1 million. That is over $1 million in the bank, unlike the Liberal Party which finished 1994 with a debt of $2.5 million.
At the end of 1993 the Liberal Party, the party that is now taking inadequate steps toward federal deficit reduction, ran up its own operating deficit of $789,400.
Unfortunately, members may be confused by a newspaper account which recorded only a selected distorted portion of the Reform Party's financial picture.
Let me assure all Canadians that the Reform Party remains strongly committed to deficit reduction. The bottom line on our balance sheet proves it.