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Decentralized Democracy

Member of Parliament

Chandra Arya

  • Member of Parliament
  • Member of Parliament
  • Liberal
  • Nepean
  • Ontario
  • Voting Attendance: 66%
  • Expenses Last Quarter: $104,578.46

  • Government Page
Context: House Hansard - 207 - Jun/6/23
Mr. Chandra Arya
  • Jun/6/23 12:49:34 p.m.
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  • Re: Bill C-47 
Madam Speaker, these are challenging times in the challenging world we live in. Considering all of the things happening around the world and considering inflation, which is affecting almost every other country in the world, we are taking very prudent steps in managing the fiscal aspects of our economy. We continue to have the lowest deficit-to-GDP ratio in the G7. We continue to have the lowest net debt-to-GDP ratio among G7 countries. That is due to the prudent approach we have adopted in the last eight years, which we continue to focus on.
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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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