Madam Speaker, I was looking at some economic statistics, some of which were in the budget, which indicate that in the first quarter of this year we have for the first time in some 23 years begun to turn the curve on the debt to GDP ratio.
The opposition may not believe that. It comes from the University of Toronto's policy analysis group. It is a major change in direction.
On a national accounts basis our cash borrowing needs for the year 1998 will be zero. That is a computer projection for the year 1998. That basically says we will not have to borrow any new money to finance the deficit.
I wonder whether the parliamentary secretary can confirm for us that our budget projections and the direction which the minister has taken in the budget will bring us to those computer projected goals.