Mr. Speaker, I rather like my colleague from Mississauga—Lakeshore. We should hear from him more often in the House.
I would like him to talk about the budgetary projections and fiscal anchors the Parliamentary Budget Officer mentioned. She projects that the deficit will be $6.5 billion higher, reaching a total of $71.8 billion, compared to the economic update released just a month ago.
I found that interesting. The Liberals were telling us how much smaller the deficit was than expected and that the situation was better. It is a bit like me giving my teenager $100 to go buy pizza and him being proud to hand me back $5 afterwards. We do not know what he did with the rest, but that is not good management. I would like to hear my colleague's thoughts on that.
Given the current circumstances, where is the deficit headed?