Finance

Question period on this day was largely about the government’s borrowing and spending, with members citing the recent fall economic update and its projected deficit. Conservative members said the deficit is far larger than previously promised, that debt costs now exceed health care spending, and that high borrowing is making groceries and daily life unaffordable; several criticized the budget as excessive spending and quoted constituents and commentators. Liberal members replied that the deficit came in $11 billion lower than projected, that spending growth has slowed, that Canada has the strongest fiscal position in the G7 and a top credit rating, and pointed to investments in housing, community projects, trade diversification, and defence as worthwhile; one asked Conservative members which local projects they would cut, and another said they had voted against programs like the national school food program.Written by AI from the debate. Updated .

Official text (opens in a new tab)

7 statements

Andrew Scheer, Regina—Qu'Appelle

Conservative
“The Prime Minister is borrowing too much money, and that is making life too expensive. Nearly 10 million Canadians do not have enough food, and one in three are borrowing money to buy groceries. The government needs to stop running huge deficits so people can afford to live.”
Official Hansard

Madam Speaker, the Liberal Prime Minister is racking up billions of dollars on the national credit card. Canadians thought they were getting a different approach with the new Prime Minister, but it turns out he is just another costly Liberal. The more he grows the deficit, the more expensive things get. New data out this week proves that. Statistics Canada confirms nearly 10 million Canadians, or almost one in four, are living in food-insecure households. One in three Canadians are now borrowing money just to afford groceries. Life did not used to be like this in Canada. Instead of delivering a deficit even bigger than Justin Trudeau’s, why does the Liberal Prime Minister not end the credit card budgeting so that Canadians can afford to live?

Andrew Scheer, Regina—Qu'Appelle

Conservative
“The deficit is 66 billion dollars, which is more than twice what the government promised. People cannot afford food because of this extra spending, and food bank use has doubled since 2019.”
Official Hansard

Madam Speaker, the last Justin Trudeau budget projected the deficit this year to be $31 billion. The deficit is $66 billion. That is more than double what was projected, not lower. The Liberals are spending more and Canadians are getting less, and now hard-working Canadians cannot even afford groceries. Here are some facts for the government. Food bank use has exploded to 2.2 million visits every month, up 100% since 2019. A third of those relying on food banks are children. Everything the Liberals brag about doing, they have tried before over the last 11 years themselves. Instead of driving up prices—

Kyle Seeback, Dufferin—Caledon

Conservative
“The Liberals are spending another 65 billion dollars and doubled the national debt. We now spend more money on debt interest than on health care. Are the Liberals proud of this?”
Official Hansard

Madam Speaker, all week, the Liberals have said they are going to spend less and invest more, except they define what spending is and what investing is. It is almost like they got their accounting advice from Bernie Madoff. What we know is that the Liberals are now spending another $65 billion on Canada’s credit card. They doubled the national debt, so we now spend more on interest servicing the debt than we do on health care. Are the Liberals proud of this record?

Kyle Seeback, Dufferin—Caledon

Conservative
“The government's deficit is going up, not down. Canadians also have high personal debt just to buy food. The government is spending more money to pay interest on its debt than it spends on health care. I want to know why they keep adding to Canada's debt.”
  • A repeated line

    “We have the highest household debt in the G7.”

    Said 5 times by 4 members since April 27.

    Every time it was said
Official Hansard

Madam Speaker, they really did learn how to manipulate numbers from Bernie Madoff. They say that the deficit is down. They projected a terrible deficit. They just made up a number. It is actually double what it was under Justin Trudeau. That is up, not down. I hate to break it to these guys. Canadians now have the highest household debt in the G7. Why? They are borrowing money to pay for their daily and weekly costs, including groceries. Everything has gotten worse under the Liberals, including debt. Why do they keep racking up the debt on Canada’s credit card so that we spend more on just the interest portion of servicing the debt than we do on health care?

Pat Kelly, Calgary Crowfoot

Conservative
“The new budget doubles the deficit that made the last finance minister and prime minister quit. I want the Prime Minister to admit that the Liberals are still spending and borrowing too much.”
Official Hansard

Madam Speaker, remember when Justin Trudeau’s projected deficit was so bad, Chrystia Freeland refused to table it and resigned, and then Trudeau resigned? They had to get another random Liberal to table it. The update is so bad. It is another credit card budget, with double the deficit that forced the then-finance minister and, eventually, the prime minister to resign. Will the Prime Minister admit that after 10 years of reckless Liberal taxing, borrowing and spending, nothing has changed?

Pat Kelly, Calgary Crowfoot

Conservative
“The new budget is bad, and experts say the government is letting our economy decline. Will the Liberals stop their reckless spending?”
Official Hansard

Madam Speaker, the reviews on this costly budget are in and they are not good. Even Andrew Coyne, that pillar of Laurentian consensus, said that this new government has no interest in “arresting our economic decline.” Even Andrew Coyne says we are in economic decline, and the Liberals are not interested in doing anything about it. Will the Liberals finally end their credit card budgeting, yes or no?

Chris Lewis, Essex

Conservative
“The government's budget adds too much debt and raises taxes. I want to know when the government will stop this spending so life is affordable.”
  • 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

Madam Speaker, I rise again to share what a resident in Essex wrote to me: “Just want to express my deep concerns with...the direction that Canada is heading. I did not think it could get worse than Trudeau”. My response is this. This costly credit card budget means more debt. The Liberal Prime Minister doubled Trudeau’s deficit. There is more spending and there are more taxes. He is just another Liberal. When will the government end its costly spending so Canadians can afford to live?

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