Adjournment Proceedings
In an adjournment debate, Conservative member Greg McLean raised concerns about Canada’s debt, saying the government owes nearly $1.5 trillion, must refinance about a third of it in the coming year, and faces rising interest costs on top of the $57 billion it already pays. He argued the government should cut spending now to avoid cutting services like health care later. Liberal member Ryan Turnbull replied that Canada has the strongest fiscal position in the G7, with the lowest net debt-to-GDP ratio and a AAA credit rating, and said the government is investing in workers, businesses, and infrastructure while the economy grows, which he said will bring in more tax revenue and lower the deficit. The exchange remained focused on debt and spending throughout.Written by AI from the debate. Updated .
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