Today I checked the percentage of expenditure decrease department by department. We indicated that we would decrease expenditures from $120 billion in 1994-95 to $106 billion in 1997-98. The result this year is $105.8 billion. The figures are almost exactly at the right point for all the departments. There is nothing more to say. We have met our target.
In the House of Commons on March 18th, 1997. See this statement in context.