Mr. Speaker, on page 29 of the Prime Minister's 1997 red book it says this: “We will allocate every billion dollars of fiscal dividend so that one-half will go to a combination of reducing taxes and reducing the national debt”. It was a clear-cut debt reduction and tax reduction promise for every billion dollars of surplus.
Yesterday the finance minister told the CBC he is not going to apply that formula to the 1998 budget.
The finance minister is breaking the Prime Minister's promise. What is the Prime Minister going to do about it?