Mr. Speaker, we have the lowest deficits in the G7 and the best overall fiscal position.
Our deficit this year is lower than originally forecast. As we have said all along, once our recovery is assured we will return to a balanced budget.
The stimulus package was necessary to protect Canada and protect Canadians, and that meant running a deficit for a short period of time.
I know it was the right idea, because the member for Kings—Hants, my critic, said, “The Canadian stimulus package undoubtedly created economic activity and jobs”.