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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 - 302 - Apr/18/24

Apr/18/24 12:05:50 p.m.
Watch

Mr. Speaker, the member mentioned the fiscal issues. I would like to remind him that Canada has the lowest deficit-to-GDP ratio and lowest net debt-to-GDP ratio among all the G7 countries. In fact, Canada not only has a AAA credit rating, but it is also one of only two G7 countries that has a AAA rating from two of the three independent credit agencies. Quebec has shown the solid move from the carbon-heavy economy to a clean economy. Quebec has very advanced manufacturing and knowledge-based companies. Does the member not recognize the importance this budget has given to knowledge-based companies and specifically how it would help Quebec companies, for example in artificial intelligence, with a $2-billion fund for the AI compute access fund, $200 million for artificial intelligence start-ups, and help for crucial sectors, such as agriculture, health care and manufacturing, to adopt artificial intelligence?

154 words

Context: House Hansard - 207 - Jun/6/23

Mr. Chandra Arya

Jun/6/23 12:49:34 p.m.
Watch
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.

97 words

Context: House Hansard - 179 - Apr/18/23

Mr. Chandra Arya

Apr/18/23 1:02:02 p.m.
Watch

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.

118 words

Context: House Hansard - 129 - Nov/17/22

Mr. Chandra Arya

Nov/17/22 1:45:18 p.m.
Watch
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.

73 words

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Member of Parliament

Chandra Arya