Mr. Speaker, I listened with interest to my colleague across the way.
I wonder if he would like to comment on a report that has been waved quite often today in the House of Commons. It is the Department of Finance report that was released from the “Fiscal Monitor” in January 2016. Would he care to comment on this paragraph?
There can be significant volatility in monthly results due to the timing of revenue receipts and expense recognition. For instance, a large share of government spending is typically reported in the March Fiscal Monitor. For fiscal year 2015-16, while a surplus is expected for February, Budget 2016 projects that the cumulative budgetary balance will deteriorate to reach a year-end deficit of $5.4 billion.
In light of the fact that the Conservative government was the architect of this fiscal year, in light of the fact that the Conservatives never balanced the budget, not once in the last 10 years, is the member opposite prepared to resign from his party and join our side, a party that has balanced the budget?