Paul Martin Retrospective Gallery

                                       Copyright Graeme MacKay. Permission to use or publish images is only granted to those who ask. Please contact.
Graeme MacKay is the Editorial Cartoonist for
Hamilton  -  Ontario  -  Canada
March 15, 2000

As Jean Chretien's finance minister, Paul Martin erased
a $42 billion deficit, recorded five consecutive budget
surpluses, and paid down $36 billion of national debt.

During his tenure Martin was responsible for lowering
Canada's debt-to-GDP ratio from a peak of seventy per
cent to about fifty per cent in the mid-1990s.

Martin coordinated a series of meetings between the
finance ministers of all provinces to discuss how to
address the pending crisis in the Canada Pension Plan
(CPP). Consequently, Martin oversaw the creation of a
general public consultation process in February 1996
that eventually led to major structural reform of the CPP.  
Eventually, it led to a proposal for overhauling the CPP,
which was presented to Parliament and was approved
soon after, thereby averting a pension crisis if left

Martin held an influential position within the government
and the Liberal Party of Canada, his actions as finance
minister were very much part of his party's program.