Madam Speaker, the Reform Party keeps going after the former government, which proved to be effective. I have here a study ranking former Canadian prime ministers based on the following criteria: the fight against inflation and unemployment and the decrease in interest rates and the GNP growth rate. Out of 10 former prime ministers, Mr. Mulroney ranks second.
I would like to know what my Reform colleague thinks of this report that confirms the effective management of the former prime minister. I would point out that the inflation rate stood at 1.5% in 1993, the lowest in 30 years. Interest rates were at their lowest levels in 20 years. The growth rate was higher than the International Monetary Fund had predicted.
I also want to indicate that the deficit is usually expressed in terms of the gross national product. The deficit was 8.7% of the GNP in 1984 and had been brought down to 5.8% of the GNP by 1993.
Figures do not lie. This study ranking all Canadian prime ministers is based on objective and American criteria.