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 .

Official text (opens in a new tab)

9 statements

Shannon Stubbs, Lakeland

Conservative
“The government plans to spend 65 billion dollars more than it has. Its debt costs Canadians too much money, and the interest on it is larger than all health care payments to the provinces. I want the Prime Minister to explain why Canadians have to pay for this while they are already struggling.”
Official Hansard

Madam Speaker, the Liberals’ costly credit card budget plans a deficit of over $65 billion. That is more debt, more costs, more spending and more of the same. I would say that the Prime Minister is just like the last one, but he is twice as bad. He doubled Trudeau’s deficit. The debt costs each Canadian $33,000 a year. Who can afford it? Debt interest charges alone are over $55 billion, more than transfers for health care to all the provinces combined. While young Canadians face a jobs crisis and food bank use skyrockets, how can the PM tell Canadians they should foot his costly credit card bill?

Shannon Stubbs, Lakeland

Conservative
“Liberal policies are hurting our economy. Spending, debt, and the cost of food and homes are up, while business investment is down. Why is the Prime Minister increasing the deficit and making life more expensive for Canadians?”
Official Hansard

Madam Speaker, here is the Liberal record: spending up, food inflation up, debt up and photo ops way up, but investments down, no trade deal with the U.S., and zero Major Projects Office approvals. The Liberals landlocked Canada with costly red tape and shifting rules. That is why Canada now has the most unaffordable housing and the lowest investment in the G7. Canada is rich in natural and human resources. No business should be driven out. No family on fixed income should choose between heating and eating. Why will the PM double Trudeau’s deficit, double down on costly credit card budgets and force Canadians to pay more for gas, groceries and homes?

Jonathan Rowe, Terra Nova—The Peninsulas

Conservative
“The new budget spends too much money and doubles the deficit. People want life to be affordable. When will the government control its spending?”
  • Opposition question in Question Period

    Signal 32 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
Official Hansard

Madam Speaker, there is nothing worse than going to the post office and looking forward to a friendly letter but getting nothing but a dreaded credit card bill. That is exactly how the federal budget went. Canadians thought they were going to get a responsible budget from a new government. Instead, they were hit with a costly credit card bill. The only thing new was that they doubled Justin Trudeau’s deficit. Canadians do not want a double-double deficit. They want to be able to afford a double-double coffee. When will the Liberals get spending under control?

Jonathan Rowe, Terra Nova—The Peninsulas

Conservative
“The Liberals spend too much money, and it causes inflation. Food and rent keep getting more expensive. The government cannot fix the economy by borrowing more money.”
Official Hansard

Madam Speaker, I was talking about deficits, not fish, but spend, spend, spend is all the Liberals want to do. They cannot spend their way out of inflation. We would think the Prime Minister would have learned that when he wrongfully predicted that COVID spending would actually lead to deflation, but reports are showing that households are still spending more, year over year, on food. Rent is going up year over year. Everything in this country has doubled in the costly Liberal decade. How many more reports do the Liberals need to see before they realize they cannot build a country, an affordable economy, on credit card debt?

Michael Kram, Regina—Wascana

Conservative
“The government is spending too much money and driving up the national debt. Why are the Liberals increasing the deficit and making gas, groceries, and housing more expensive for Canadians?”
  • 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

Madam Speaker, after 11 years of the Liberals, they continue to spend like drunken sailors, with a deficit of $65 billion, debt servicing at $59 billion and the total debt a staggering $1.7 trillion. The costly credit card budget means more debt, more costs, more spending, more taxes and more of the same. Why have the Liberals doubled Justin Trudeau’s deficit and doubled down on costly credit card budgeting, forcing Canadians to pay more for gas, groceries and housing?

Michael Kram, Regina—Wascana

Conservative
“I want the Prime Minister to stop overspending so life becomes affordable for Canadians. People are relying on food banks because of the government's high spending.”
  • A repeated line

    “When will the Liberal Prime Minister end his costly budgeting so Canadians can afford to live?”

    Said 13 times by 12 members since April 28.

    Every time it was said
Official Hansard

Madam Speaker, it is depressing to have to line up at a food bank when 10 years ago someone used to be able to afford groceries, but Canadians are starting to see that the Liberal promises are just an illusion. To quote an editorial in The Globe and Mail, “In the upside-down land of the Liberals, a spending spree is a spending cut, blowing a windfall of billions of dollars is prudent and failing to prepare for a fiscal storm is, well, just good management.” When will the Prime Minister end his costly credit card budgeting so Canadians can afford to live?

Michael Guglielmin, Vaughan—Woodbridge

Conservative
“The government is spending almost all the money it brings in, national debt is growing, and the economy is not growing fast enough. When will the Prime Minister stop spending so much money we do not have?”
Official Hansard

Madam Speaker, the verdict on the costly budget is in, and it is unforgiving. The Globe and Mail reports that for every $100 in revenue, the Liberal government spends $97. The Globe and Mail said, “Even Justin Trudeau would have difficulties in matching that performance.” Federal net debt now exceeds 40% of GDP, and it is rising. Long-term growth is projected to be a measly 1.7%. When will the Prime Minister stop borrowing against a future Canadians can no longer afford?

Michael Guglielmin, Vaughan—Woodbridge

Conservative
“The government doubled the deficit from $31 billion to $67 billion. They are spending too much money and not growing the economy. They are not making hard choices.”
  • 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
Official Hansard

Madam Speaker, the deficit is now going to be $67 billion. That is up from $31 billion, not down, and the member can recite her talking points all afternoon from the Prime Minister’s Office, but the truth is that for months the Prime Minister tried to convince Canadians that he was something different. He wanted them to believe that he was a break from the past. I guess the masks sure fell off this week. The deficit is doubled, spending is accelerated and growth is abandoned. This is not a new government making hard choices; it is the same irresponsible Liberal government making reckless decisions. When will they—

Tamara Kronis, Nanaimo—Ladysmith

Conservative
“Food banks are expanding on Vancouver Island because groceries cost too much. I want the government to stop spending so much money and lower food prices.”
Official Hansard

Madam Speaker, Loaves & Fishes serves more than 15,000 in more than 44 communities on the island. They are vital, and they are growing, with a new 24,000-square-foot warehouse set to open this month. Some 80% of Canadians say food prices have increased more than any other expense. Groceries, without meat or cheese, regularly cost $100 a bag on the island, yet the Liberal government continues to tell Canadians they have never had it so good. Every measure we propose, they oppose. How many food bank expansions do the Liberals need to see before they stop their costly credit card spending and actually bring food costs down for Canadians?

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