Mr. Speaker, when we took office in 1993, interest rates were at 11.5%. Today interest rates have been cut almost in half.
In fact, this is the first time in a very long time that, for several years, interest rates have been lower in Canada than in the United States. We are therefore making progress.
As to paying off the debt, as I have just said, we are progressing faster than planned. As concerns tax cuts, we have been very active since January 1 this year, and we have cut taxes quite substantially for 2001.