Since he itabled his budget on February 27, the Minister of Finance keeps repeating that, next year, the cuts in transfer payments to the provinces will represent only a $350 million shortfall for Quebec, mocking the $650 million figure put forward by the official opposition.
Yesterday however, in his testimony before the finance committee, Bill Murphy, a senior official at the Department of
Finance, assessed this shortfall at $625 million, which is very close to the amount put forward by the official opposition.
In light of the statements made by finance officials, does the Minister of Intergovernmental Affairs still maintain, as his colleague from finance does, that cuts in the Canada social transfer will translate into a $350 million shortfall for Quebec in 1996-97, and not $650 million as suggested by the official opposition?