Mr. Speaker, I would point out that 7 of the 10 provinces are currently reporting their own surpluses. Thanks to federal fiscal responsibility, the accumulated federal debt is coming down. However, I would point out that it remains almost twice as large as all the combined provincial and territorial debt taken together.
In this last year federal transfers to the provinces have reached an all-time record high, and on top of that, we have announced in the House increases over the next 10 years that will amount to $100 billion more.