Discussion · Government Orders
François-Philippe Champagne Liberal
“Canada manages its money well. Compared to the size of our economy, we have the lowest debt among all G7 countries.”
“Mr. Chair, I will once again reassure my colleague this evening. Canada has the lowest debt-to-GDP ratio in the G7, at 10.2%. By way of comparison, Germany’s ratio is 47.2%, the U.K.’s ratio is 93.8%, the United States’ ratio is 96.7%, and France’s ratio is 108%. This shows how well we are managing our public finances. Our debt-to-GDP ratio is the lowest among all G7 countries.”
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“We have the lowest debt-to-GDP ratio in the G7.”
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Mr. Chair, I will once again reassure my colleague this evening. Canada has the lowest debt-to-GDP ratio in the G7, at 10.2%. By way of comparison, Germany’s ratio is 47.2%, the U.K.’s ratio is 93.8%, the United States’ ratio is 96.7%, and France’s ratio is 108%. This shows how well we are managing our public finances. Our debt-to-GDP ratio is the lowest among all G7 countries.