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Decentralized Democracy

Member of Parliament

Chandra Arya

  • Member of Parliament
  • Member of Parliament
  • Liberal
  • Nepean
  • Ontario
  • Voting Attendance: 67%
  • Expenses Last Quarter: $104,578.46

  • Government Page
Context: House Hansard - 179 - Apr/18/23
Mr. Chandra Arya
  • Apr/18/23 1:02:02 p.m.
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Madam Speaker, let us take the way I personally look at the deficit of $43 billion. For me, as a working Canadian, I do not like credit card loans. However, I do like having a mortgage because it helps me to invest in my long-term future and long-term assets. The deficit we have is basically going towards long-term investments required for Canada so that we can continue to be competitive in this world, improve our long-term transportation network and invest in long-term things required for clean energy growth. Those are the kinds of long-term infrastructure-related investments that are required, and these things are primarily contributing to the deficit we have today.
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Context: House Hansard - 129 - Nov/17/22
Mr. Chandra Arya
  • Nov/17/22 1:45:18 p.m.
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  • Re: Bill C-32 
Madam Speaker, that is an important question, because interest payments are a significant amount for most deficits throughout the history of Canada. However, the member may remember when the pandemic started and the long-term interest rates were close to 0%, we changed the composition of the Canadian federal debt from about 12%, if I am not wrong. We took the long-term debt close to 0% to about 46% of the debt.
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