Mr. Speaker, in the budget, we were very conservative in our fiscal estimates for this year. In fact, our prognostications are below the predictions by the private sector forecasters.
Unfortunately, we are seeing continuing economic deterioration in the United States and around the world. We are in the midst of a synchronized global recession. Regrettably, we were obliged to plan on that basis, which we have. Let us get the stimulus out and working in the Canadian economy.