Mr. Speaker, when we look at the federal government's three budgets, we see that we cut our own programs, our own spending by about 22 per cent. As for transfers to the provinces, they dropped by less than 7 per cent, which means that our own spending was cut much more deeply than transfers to the provinces. Unfortunately, the figures are quite inaccurate.
Second, as far as transfers are concerned, they will be maintained at a level of $25 billion for two years before the growth formula kicks in. That means that, at the end of the five year period, they will rise to $27.4 billion. If we look at the Campeau budget's projections, we anticipate transferring to Quebec in 1997-98 $600 million more than forecast.