Mr. Chair, I would like to commend the minister on the great job that he has done as finance minister for this country.
The minister was talking earlier about a couple of things with respect to major trends in the economy. He was speaking about the competitive advantage in Canada. All of this is not complex. Some of this is fairly basic principles.
Managing spending is certainly as important as cutting taxes and paying down the debt. When it comes to prudent and responsible fiscal management, spending has to be managed. I would like the minister to expand on what this government is doing to ensure responsible management of spending through the expenditure management system.