Mr. Speaker, I hope indeed that government revenues will be higher than forecast. I believe this would be a good thing. At any rate, we know the debt level of the provinces is half that of the federal government. When we make payments, like the nearly $9 billion we paid last year, this will reduce the Government of Canada's interest rates by $400 million for this year, next year, and the year after that. The interests of Canadians are well served by this.
In the House of Commons on October 31st, 2002. See this statement in context.