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Decentralized Democracy

House Hansard - 174

44th Parl. 1st Sess.
March 28, 2023 10:00AM
Context: House Hansard - 174 - Mar/28/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Mar/28/23 2:19:50 p.m.
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Mr. Speaker, the former Liberal finance minister, Bill Morneau, the future Liberal leader, Mark Carney, the current Governor of the Bank of Canada, Tiff Macklem, and now the Minister of Finance have all admitted that deficits and added debt fuel inflation. When presenting the last budget, the Minister of Finance stated that they were absolutely determined to reduce the debt-to-GDP ratio, that it had to continue decreasing, and that it was a line they would not cross. Is the Prime Minister going to cross that line today?
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Context: House Hansard - 174 - Mar/28/23
Ms. Melissa Lantsman (Thornhill, CPC)
  • Mar/28/23 2:35:31 p.m.
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Mr. Speaker, taxes have never been higher and the Liberals are awash with higher revenues from their inflationary deficits. After eight years of the Prime Minister, the price of a home has doubled. The price of rent has doubled. The price of an average mortgage payment has doubled. Credit card debt has never been higher. Food bank use is at a record high. By all accounts, this is not a record that anyone should aspire to. The government's solution seems to be more deficits, more debt and more inflation. The Prime Minister has an opportunity at 4 p.m. today. Will he commit to no deficits and no new taxes?
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Context: House Hansard - 174 - Mar/28/23
Mrs. Stephanie Kusie (Calgary Midnapore, CPC)
  • Mar/28/23 3:00:43 p.m.
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Mr. Speaker, the government spent $21.4 billion on outside consultants in this fiscal year alone. That is a 95% increase under the Liberal government. This is at a time when Canadians are struggling to put food on the table. This is at a time when Canadians have record-high credit card debt. Why does the government not show some compassion and stop helping high-priced consultants instead of struggling Canadians?
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Context: House Hansard - 174 - Mar/28/23
Hon. Chrystia Freeland
  • Mar/28/23 4:30:14 p.m.
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Mr. Speaker, we promised that deficits would come down, and today we have demonstrated that. Last year, the deficit was 1.5% of our GDP. This year, the deficit will be 1.4% of our GDP. To use actual numbers, last year's deficit was $43 billion. This year's deficit will be $40 billion. That is still a decrease. I want to point out, for Canadians who are watching, that Canada maintains the lowest deficit in the entire G7 and the lowest debt-to-GDP ratio. Not only do we have the lowest deficit in the G7—lower than Germany, the United States and the other G7 countries with AAA credit ratings—but our deficit is also lower than Australia and the Netherlands, which have AAA credit ratings. Let us not be narrow-minded. We need to understand and look at Canada's economic situation within the international context. Our country is strong, and we are very fortunate to be here in Canada.
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