No, Mr. Speaker, I am not really concerned about it. We worked very diligently for the Atlantic accord. The Atlantic accord is a document that has now been signed, sealed and delivered to the people of Newfoundland and Labrador and to Atlantic Canadians generally. It ensures that the oil revenues coming into the province are not going to be affected by equalization payments. As I said, that agreement was put to bed. It is signed, sealed and delivered.
The member mentioned that the budget does not deliver a great deal for Atlantic Canada. Of course, I do not represent all Canadians. I represent a specific area like St. John's. I could make a few observations on how this budget affects the people of Newfoundland and Labrador generally.
Earlier I said I was impressed by both the tax relief and the infrastructure spending in the budget, but as a result of the tax relief that I referenced earlier, the people of Newfoundland and Labrador, for instance, will pay $124 million less in taxes to the federal government in 2007.
The $1,200 per child per year child care plan is going to put $33.7 million more in the hands of the parents in Newfoundland and Labrador over the next year. The budget will provide the provincial government with $2 million in additional moneys for health care, bringing the cash transfer to the province to $352 million for health care in 2006-07.
We will also benefit to the tune of about $54 million in extra equalization payments. Equalization payments in the province of Newfoundland and Labrador for next year will be $687 million. That is a result of this year's budget, which means we will get $54 million more.
The budget puts $1 billion extra into post-secondary education and infrastructure. We will get about $15.8 million out of that as well.