Mr. Speaker, we find ourselves in a more challenging situation than we expected. We were left with a deficit that we now need to deal with. Our plan for investing in Canada is now more important than ever. We made a commitment to invest in infrastructure. We made a commitment to reduce our net debt-to-GDP over time. We are going to do this in a fiscally responsible, prudent, and transparent way for Canadians to understand our plan.
In the House of Commons on December 9th, 2015. See this statement in context.