Discussion · Government Orders
Gabriel Hardy Conservative
“The government is spending too much money, and the deficit will stay high for years. They also created a debt fund that another country refused to call a wealth fund because it was built on debt. Does the minister know this?”
“Mr. Chair, it is interesting that the minister would mention fiscal responsibility. The deficit is forecasted to be $65 billion in 2027, $63.5 billion in 2028, $58 billion in 2029, $56 billion in 2030 and $53 billion in 2031. Under the previous prime minister, we had a $31-billion deficit. The Liberals boast about their fiscal responsibility, but I think they should show a bit more restraint. I am going to ask another question and go back to the one I asked earlier. The Liberals have created a sovereign debt fund. Are they aware that the British Parliament tried the same thing but refused to call it a sovereign wealth fund because it was built on debt? Is the minister aware of that?”
Official Hansard
Mr. Chair, it is interesting that the minister would mention fiscal responsibility. The deficit is forecasted to be $65 billion in 2027, $63.5 billion in 2028, $58 billion in 2029, $56 billion in 2030 and $53 billion in 2031. Under the previous prime minister, we had a $31-billion deficit. The Liberals boast about their fiscal responsibility, but I think they should show a bit more restraint. I am going to ask another question and go back to the one I asked earlier. The Liberals have created a sovereign debt fund. Are they aware that the British Parliament tried the same thing but refused to call it a sovereign wealth fund because it was built on debt? Is the minister aware of that?