Finance

Question period focused on the government’s spring economic update and its fiscal record. Conservative members said the update doubles the previous prime minister’s deficits, adds billions in interest costs, and makes groceries, gas and housing unaffordable, and asked whether the government plans to sell public assets such as airports to fund a new sovereign wealth fund. Liberal ministers replied that Canada has the strongest fiscal position and lowest debt-to-GDP ratio in the G7, that wages are outpacing inflation, and pointed to tax cuts, grocery relief, major energy and mining projects, and the new sovereign wealth fund. Several exchanges on both sides also turned into general talking points rather than specific answers to the questions asked.Written by AI from the debate. Updated .

Official text (opens in a new tab)

7 statements

Leslyn Lewis, Haldimand—Norfolk

Conservative
“The government's new update shows deficits are growing. News reports say the government might sell public assets like airports to pay for a new fund. I want the Prime Minister to tell us how many public assets he plans to sell to cover his spending.”
Official Hansard

Mr. Speaker, this week’s economic update proves that nothing has changed. In fact, the Prime Minister has doubled Justin Trudeau’s soaring deficits and is also doubling down on 10 years of costly credit card budgeting. Now the media reports that the government is considering recycling capital from public assets like airports to put into the new so-called wealth fund. I ask this Prime Minister, how much of Canada’s public assets does he plan to sell to fund more wasteful Liberal spending?

Leslyn Lewis, Haldimand—Norfolk

Conservative
“The Prime Minister's high spending has doubled deficits, and Canadians cannot afford groceries. Now the government wants to sell off public assets to fund more debt. Does the Prime Minister realize his spending is causing higher debt and costs?”
Official Hansard

Mr. Speaker, the Prime Minister has doubled Trudeau’s deficits, and now Canadians are lining up at food banks and are unable to afford groceries. Now the Liberals want to sell off national infrastructure and put the money into their sovereign debt fund. We have seen this before with the failed Infrastructure Bank, which is losing money and is built on deficits. Does this Prime Minister understand that his spending spree is leaving Canadians with more debt and higher costs?

Andrew Lawton, Elgin—St. Thomas—London South

Conservative
“The new Prime Minister is still spending too much money and has doubled the deficit. Why is the government pretending things have improved?”
  • Opposition question in Question Period

    Respect 75 of 100

    This statement targeted a person rather than their actions or views: “the only things that have changed are the colour of the Prime Minister's socks”.

    See full analysis
  • Opposition question in Question Period

    Signal 26 of 100

    Much of this statement went to praise, blame, greetings, routine procedure or general stories rather than reasons, requests or specific points.

    See full analysis
  • A repeated line

    “The Prime Minister doubled Justin Trudeau's deficit.”

    Said 10 times by 10 members since April 27.

    Every time it was said
Official Hansard

Mr. Speaker, the Liberals say this is a new government, but the only things that have changed are the colour of the Prime Minister’s socks and the size of the deficit. This Liberal Prime Minister has doubled Justin Trudeau’s deficit, maxing out the country’s credit card and forcing Canadians to pay more to bankers and bondholders rather than roads and hospitals. Even The Globe and Mail sees through this, saying, “it’s clear that the Liberals have no intention of changing their high-spending ways.” Maybe that is why the Liberals are sending more money to the media in their fiscal update. Why is the costly Liberal government pretending that “new” means “improved”?

Andrew Lawton, Elgin—St. Thomas—London South

Conservative
“The government spends too much money, and it makes life too expensive for Canadians. Why should Canadians have to pay for the Prime Minister's spending?”
Official Hansard

Mr. Speaker, I wish that member were laser-focused on answering a question for once. This budget proves that nothing has changed: the same Liberal excuses, the same Liberal spending addiction, the same Liberal credit card, just with a much higher limit. Canadians are paying more for groceries, more for rent, more in taxes, while this Prime Minister doubles down on the same failed borrow-and-spend policies that gave Canada the worst inflation in 40 years. I have a simple question: Why should Canadians be forced to make the credit card payments for this Prime Minister’s reckless spending?

Rachael Thomas, Lethbridge

Conservative
“The government's high spending and taxes are making life too expensive for Canadians. People cannot afford their groceries, gas, or housing. I want the government to admit it has failed Canadians and promise to do better.”
Official Hansard

Mr. Speaker, the Liberals promised a “new government”, but we do in fact see more of the same. We see more costly spending, more taxes and, ultimately, more prices to pay for Canadians. Whether it is the grocery store or the gas at the pumps or their mortgages that they’re trying to pay month to month, Canadians are struggling to make ends meet because of the costly policies of the government. The only thing that these costly Liberals seem to be interested in balancing, of course, is their political spin, which is exactly what we are seeing today. Will they admit that they, in fact, have failed Canadians and promise to do better going forward?

Rachael Thomas, Lethbridge

Conservative
“The government has doubled the deficit. This huge debt hurts Canadian families, seniors, and students who are already struggling. The government can fix this, and I want to know why it keeps spending so much.”
Official Hansard

Mr. Speaker, let us focus on the facts. The Liberals are spending so much that they have actually doubled Trudeau’s deficit. That is quite the accomplishment, because Trudeau’s deficit, of course, was massive in nature, historic, in fact, so the fact that the government has doubled it is quite something. The reason this matters so much is not that they spent so much money, but that they did it and incurred debt, and that debt lands on the backs of Canadians, whether it is families or seniors or students, who are doing their very best to make ends meet. The government can do something about it, so why does it insist on being an incredibly costly, ineffective Liberal government?

Cathay Wagantall, Yorkton—Melville

Conservative
“The government's new budget spends too much money and adds too much debt. Young Canadians will be stuck paying off billions of dollars in debt and interest. I want the government to explain what Canadians gained from all this debt.”
  • A repeated line

    “This costly credit card budget means more debt.”

    Said 8 times by 7 members since April 29.

    Every time it was said
Official Hansard

Mr. Speaker, this costly credit card budget means more debt, more costs, more spending, more taxes, more of the same. Out-of-control deficits have taken the breath away from working Canadians with $407 billion in interest over the next six years. Nothing has changed, and nothing will change for the future of today’s 18-year-old first-time voters if the government is not stopped dead in its tracks. By 2031, they will be the workforce, facing an additional $462 billion in national debt. What have Canadians gained from the Liberals doubling Trudeau’s deficit and charging the next generation with their credit card budgeting? Some hon. members: Oh, oh!

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