Discussion · Oral Questions
Mark Carney Liberal
“Our spending did not cause inflation. It was caused by global events. We have cut spending, shrunk the civil service, and cut consultants to save $60 billion. Canada has the lowest net debt in the G7, and our economy will soon grow faster than the rest of the group.”
“Mr. Speaker, the Bank of Canada was very clear about the global causes of inflation and why it acted. It was very clear that our growth is going to pick up next year and the year following, the strongest in the G7. Let us be clear about the fiscal record of the government: the lowest net debt in the G7, the second-lowest deficit in the G7, operational spending down from 8% to 2%, a 10% cut in the civil service and a 20% cut in consultants, $60 billion of savings. That is even before the budget next week. We are building Canada strong—”
Official Hansard
Mr. Speaker, the Bank of Canada was very clear about the global causes of inflation and why it acted. It was very clear that our growth is going to pick up next year and the year following, the strongest in the G7. Let us be clear about the fiscal record of the government: the lowest net debt in the G7, the second-lowest deficit in the G7, operational spending down from 8% to 2%, a 10% cut in the civil service and a 20% cut in consultants, $60 billion of savings. That is even before the budget next week. We are building Canada strong—