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Decentralized Democracy

House Hansard - 60

44th Parl. 1st Sess.
April 28, 2022 10:00AM
Context: House Hansard - 60 - Apr/28/22
Hon. Chrystia Freeland
  • Apr/28/22 4:24:38 p.m.
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  • Re: Bill C-8 
Madam Speaker, I apologize to the House, but what the opposition member just said is simply not true. The budget contains a number of analyses that talk about inflation and interest rates, and I can find those page numbers. The budget was subjected to a stress test examining the effects of various scenarios on the economy and the fiscal situation of our country. With regard to the debt, I want to point out that, for this fiscal year, the cost of paying down the Canadian debt will represent 1% of our country's GDP, which remains a historically low level. I want to again emphasize that there are several analyses in the budget showing the impact of various scenarios in relation to inflation, interest rates and the war in Ukraine.
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