Madam Speaker, pursuant to Standing Order 36, I am pleased to present to this House two petitions signed by the residents of York North. The subject matter of these petitions is closely related as they deal with deficit reduction and job creation, two priorities for this government.
The first petition draws to the attention of the House the government's red book commitment to reduce the deficit to 3 per cent of the GDP and the fact that we have surpassed that goal.
The petitioners call upon Parliament to continue to keep its commitment to Canadians and pursue its actions on the deficit so that the government will reach its deficit target of 2 per cent of the GDP by 1997-98.
The second petition draws to the attention of the House that in the past year alone short term interest rates have declined three percentage points, that for the last two and a half years inflation has averaged less than 2 per cent and by 1997-98 the federal deficit will have been reduced by $25 billion.
The petitioners further draw to the attention of the House that since this Liberal government took office, over 600,000 jobs have been created.
The petitioners therefore call upon Parliament to continue to work diligently to create a healthy environment for jobs and economic growth.