Mr. Speaker, revenue flows to provinces and territories are now and will continue to be consistently higher than federal revenue flows. In fact, federal debt is higher than all the provincial debts combined. Federal transfers from the Government of Canada to the provinces and territories are at an all time record high. We have already announced that over the next 10 years those payments will be going up by $100 billion.
In the House of Commons on November 15th, 2005. See this statement in context.