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Finance

During question period on finance, the Conservative member said that federal spending has driven up taxes, costs and debt, putting the national debt at $1.475 trillion and leaving many Quebeckers borrowing to buy food, and asked when the government would reduce spending. The Liberal member replied that the debt is about 41% of GDP, one of the most manageable levels in the G7, and asked which programs the Conservatives would cut to lower it.Written by AI from the debate. Updated .

Official text

1 statement

Carlos Leitão

Liberal
“Canada's debt is low compared to other rich countries. I want the Conservatives to tell us which programs they would cut to lower it.”

  • Government answer in Question Period

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Official Hansard

Mr. Speaker, Canada’s debt stands at the figure that my colleague mentioned, or 41% of the GDP. That is one of the most manageable levels of debt in the G7. Now, I have a question for my colleague. Where do the Conservatives want to make cuts? What programs do they want to eliminate? Will they reduce old age security benefits? Will they cut the $8 billion that goes to the Canada child benefit? Where would you make cuts? Tell us.

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