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Finance

During question period on finance, Conservative members pressed the government about the size of its upcoming deficit, which they put at around $65 billion or more, and argued that high spending is driving up debt, interest costs, inflation, food prices, housing costs and food bank use. Liberal members replied that the deficit came in lower than projected, that Canada has the lowest debt-to-GDP ratio and among the fastest growth in the G7, and pointed to measures they said help with living costs, such as the groceries and essentials benefit, a temporary fuel tax cut, the Canada child benefit, and investments in workers, infrastructure and major projects. Liberals also asked Conservatives which programs or projects they would cut instead, while Conservatives responded that spending almost equals revenue and the deficit has doubled. One exchange during the period was about the Department of Fisheries and Oceans’ food fishery survey rather than the budget.Written by AI from the debate. Updated .

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