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Decentralized Democracy

House Hansard - 125

44th Parl. 1st Sess.
November 4, 2022 10:00AM
Context: House Hansard - 125 - Nov/4/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/4/22 11:23:22 a.m.
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Madam Speaker, the fall economic statement shows that we are continuing to chart a fiscally responsible course. Canada has the lowest net debt and the lowest deficit-to-GDP ratios in the G7. Since the previous budget, we have decreased our deficit by $16 billion, and there are 500,000 more Canadians working today than before the pandemic, making Canada's economic growth the strongest in the G7. Investing in Canada, investing in Canadian workers, is exactly the right decision, and that is what we are doing.
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Context: House Hansard - 125 - Nov/4/22
Mr. Richard Martel (Chicoutimi—Le Fjord, CPC)
  • Nov/4/22 11:36:57 a.m.
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Madam Speaker, the Liberals' economic update does not deal with the cost of living crisis. We certainly warned the government that a $500‑billion deficit, $205 billion of which is unjustifiable, would have a direct impact on Canadians. This is cause and effect. The Prime Minister did not listen to us, and as a result, we are seeing the worst inflation in 40 years. Will he listen to us this time and guarantee no new spending or tax hikes?
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Context: House Hansard - 125 - Nov/4/22
Ms. Rachel Bendayan (Parliamentary Secretary to the Minister of Tourism and Associate Minister of Finance, Lib.)
  • Nov/4/22 11:37:27 a.m.
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Madam Speaker, I can talk about the deficit all day long if that is what the Conservatives want. Our deficit is the lowest in the G7. According to yesterday's economic update, the deficit is at about 1.3%. We also have the lowest debt in the G7 and the strongest economic growth. I think the Conservatives should look at the numbers.
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Context: House Hansard - 125 - Nov/4/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/4/22 11:41:56 a.m.
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Madam Speaker, the fall economic statement puts forward a plan that leverages our strong fiscal position while lowering our deficit by $16 billion. It also modernizes Canada's research facilities, strengthens Canada's anti-avoidance tax measures and makes life and housing more affordable, while eliminating inefficient fossil fuel subsidies. Instead, we are investing in clean, sustainable jobs of the future that Canadian workers are going to help us all make happen. This is what it means to have a strong environment and a strong economy working hand in hand, and that is exactly what we are doing.
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