Mr. Speaker, the short answer is yes, I am concerned. As I indicated in my comments, in order to balance this budget, there was a bit of a shell game going on. The EI surplus was depleted. The contingency was paid down. Assets were sold, including the General Motors stock. It allowed the government to balance its budget on paper and, therefore, implement its long promised tax relief, but that strategy cannot be a medium- or, certainly, long-term strategy because we will run out of assets.
Yes, we do have structural issues. We have had deficits for the last seven years, ever since the recession of 2008. The government is going to have to find revenue sources to replace the two-point cut in the GST or other targeted tax relief that it has offered in this budget and previous ones.
The hon. member is quite right. Yes, this budget is balanced, but the next one may not be because there may not be a contingency fund or assets. There will not be assets in General Motors, and there may not be comparable assets to sell to make up for the revenue that has been otherwise lost.