Mr. Speaker, if the member opposite were able to read the monthly documents produced by the government, he would see that the surpluses are clearly shrinking. This is not necessarily good news, but it is the reality, given the recession in the United States and the global economic downturn. This has an impact on the Government of Canada's revenues and on the Canadian economy.
In the House of Commons on February 6th, 2002. See this statement in context.