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Decentralized Democracy

House Hansard - 300

44th Parl. 1st Sess.
April 16, 2024 10:00AM
Context: House Hansard - 300 - Apr/16/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/16/24 4:24:38 p.m.
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It took an activist, determined Liberal government to get it built. Last week, the Bank of Canada estimated this project alone will add one-quarter of a percentage point to Canada's GDP. As we invest with purpose for the benefit of our younger generations and those who love them, we continue to stick to a responsible fiscal plan. As part of that plan, in the fall, we set three very specific fiscal guideposts: maintaining the 2023-24 deficit at or below $40.1 billion; lowering the debt-to-GDP ratio in 2024-25, relative to the 2023 fall economic statement, and keeping it on a declining track thereafter; and maintaining a declining deficit-to-GDP ratio in 2024-25 and keeping deficits below 1% of GDP in 2026-27 and in future years.
134 words
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