Madam Speaker, I suppose it is fair to say that the government really does not like to hear the facts. Conservatives react. I am encouraged by the fact that they like to shout me down when I put the facts on the table. That is okay. I will carry on and see how they perform.
The Parliamentary Budget Officer provides independent financial expertise to Parliament and lets members of the House know whether the projections the government puts on the table are reasonable.
Why does the position of Parliamentary Budget Officer exist? Because when the Conservatives were in opposition they said that the Liberals kept having surpluses but their budgets were not showing that high of a surplus, so we were obviously cooking the books. Each and every year there was a $3 billion contingency in Liberal budgets. If there were no extraordinary, unforeseen circumstances, there would be a $3 billion surplus, although the budget showed balanced books.
There also was a performance reserve. The government used the average of the economic forecasts for growth and interest rates, but it also took the low end of that so it was a conservative, cautious projection of how we would perform. If we achieved those targets, if it was as good as we thought, then the reserve would be used to ramp up additional programs on behalf of Canadians.
What has happened to the Parliamentary Budget Officer now? In the last article I saw, he said “Fund me or lose me”. The government has—