Mr. Speaker, the Liberal equalization formula is grossly unfair toward Saskatchewan. For example, Manitoba has a population roughly equal to Saskatchewan and has a $1,500 higher per capita income.
What is Manitoba currently receiving under the equalization formula? It is receiving in excess of $1.4 billion. What is Saskatchewan's share? It is a paltry $77 million. That is insulting.
Why does the Minister of Finance refuse to give Saskatchewan the same equalization deal he recently gave to Newfoundland and Labrador?