Discussion · Oral Questions
Michael Chong Conservative
“The government needs a plan to control spending, lower the debt, and balance the budget. Top economists agree. Interest on our debt has doubled to $60 billion a year, which is more than we spend on health care or defence. Will the Prime Minister present a real plan in today's budget to cut the debt and these interest payments?”
“Mr. Speaker, the government needs a serious fiscal anchor, less debt and a path to a balanced budget. That is what Kevin Lynch, former deputy minister of finance and clerk, said today. It is what economist Chris Ragan said yesterday. It is what former finance official Don Drummond has been saying for months. The PBO has said that the interest on the national debt has doubled since 2021 to $60 billion a year, more than health care or defence. Will the Prime Minister deliver a credible fiscal anchor in today’s budget to reduce the debt and skyrocketing interest payments?”
Official Hansard
Mr. Speaker, the government needs a serious fiscal anchor, less debt and a path to a balanced budget. That is what Kevin Lynch, former deputy minister of finance and clerk, said today. It is what economist Chris Ragan said yesterday. It is what former finance official Don Drummond has been saying for months. The PBO has said that the interest on the national debt has doubled since 2021 to $60 billion a year, more than health care or defence. Will the Prime Minister deliver a credible fiscal anchor in today’s budget to reduce the debt and skyrocketing interest payments?