Mr. Speaker, there are no cuts. There will be a problem if we do not have the authority to pay equalization in April. The Bloc has shown opposition to this.
However, it is important to understand that there is a formula, and as the Prime Minister said, sometimes the payments to the provinces are increased and sometimes they are decreased.
Without a formula, however, there is no way anyone can agree that the situation is completely balanced with regard to each province. Consequently, the formula works quite well.