Mr. Speaker, Canadians elected us on October 19 because they had confidence that we were ready and willing to put forward ideas that could make a real difference in their lives.
We are facing the past 10 years of low growth. We now realize that the economy is more challenging even than we expected when we were elected. We are moving forward with a plan that will prudent, that will remain focused on reducing our net-debt-to-GDP ratio over time, and that will aim to get us to a balanced budget over the term, recognizing how challenging that will be in our economic environment.