Mr. Speaker, not only have we reduced public debt last year by $13.2 billion, but we are also going to reduce public debt this year by more than $9 billion. The total reduction in public debt in two budgets, then, will be more than $22 billion. That is a reduction of $700 for every man, woman and child in Canada.
We translate that through the tax back guarantee through a personal tax reduction for all Canadians; so that every time we reduce the interest payment on our national mortgage, individual Canadians benefit through tax reductions.