February 17, 1993 (34th Parliament, 3rd Session)


Paul Edgar Philippe Martin


Mr. Paul Martin (LaSalle-Emard):

Mr. Speaker, my question is for the Minister of Finance.
In 1984, when this government took office, the net public debt was 46 per cent of the Gross Domestic product. Today it is more than 62 per cent. Yesterday, the C. D. Howe Institute told us that we are on the verge of a financial crisis. For example, the European Community has set a threshold of 50 per cent for its new members.
Given that this debt is the result of its policies, what exactly is this government's objective and when does it think it will reach this objective?

Subtopic:   PUBLIC DEBT
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