Mr. Speaker, I am not sure if the net is tightening, but the deficit is certainly getting bigger.
Two days ago, the Parliamentary Budget Officer sounded the alarm once again: the next deficit could be as high as $30 billion.
Let us review the facts. Three years ago, these people were elected on a promise that there would be no deficit in 2019. A year ago, a $10-billion deficit was forecast. Six weeks ago, it was $20 billion. Now we are up to $30 billion.
The Liberals have completely lost control of the public purse.
My question is very simple. When will we return to a balanced budget?