Discussion · Government Orders
Xavier Barsalou-Duval Bloc Québécois
“The government's wealth fund is based on debt, not savings. How much debt did Canada take on for it? How much will that debt cost taxpayers each year?”
“Mr. Speaker, I have a simple question for the member opposite. The government talks about a sovereign wealth fund, but we know perfectly well that this fund is only masquerading as one. Sovereign wealth funds exist in almost every country of the world. They are based on savings and what people decide to put away for future needs. In this case, however, the fund is based on debt, not savings. My questions for my colleague opposite are as follows. How much debt has Canada taken on to create this phoney sovereign wealth fund? How much is this extra debt going to cost taxpayers annually?”
Official Hansard
Mr. Speaker, I have a simple question for the member opposite. The government talks about a sovereign wealth fund, but we know perfectly well that this fund is only masquerading as one. Sovereign wealth funds exist in almost every country of the world. They are based on savings and what people decide to put away for future needs. In this case, however, the fund is based on debt, not savings. My questions for my colleague opposite are as follows. How much debt has Canada taken on to create this phoney sovereign wealth fund? How much is this extra debt going to cost taxpayers annually?