“Our government manages money responsibly while investing in Canadians and the economy. We have the lowest debt compared to the size of our economy in the G7.”

“Madam Speaker, it is great to be here this evening. We are always interested in constructive proposals. What is interesting is that the member opposite’s question has nothing to do with the question that has been put on notice, but that is okay. I will answer the question that was put on notice anyway. In an increasingly fragmented and uncertain world, our government is concentrating on what it can control, which is maintaining fiscal sustainability while making targeted high-impact investments in Canadians and the economy. That is responsible leadership. It means investing in a brighter future while protecting Canada’s fiscal strength, the lowest net debt-to-GDP ratio in the G7, a sound fiscal position and a clear path to long-term sustainability. In fact, by investing strategically and responsibly today, we are positioning Canadians to benefit from a stronger tomorrow, and at the same time, our fiscally disciplined approach— Garnett Genuis: Madam Speaker, I rise on a point of order.”

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• Echo ×17

  A repeated line

  “We have the lowest debt-to-GDP ratio in the G7.”

  Said 17 times by 13 members since April 29.

  Every time it was said →

“The member asked a different question today than the one they submitted in writing. Their written question was about jobs, youth, the budget, and taxes.”

“Madam Speaker, the member opposite’s question on the Notice Paper was about apprentices. It was about Canada facing unemployment. It was about youth. It was about the budget and EI premiums. It was about taxes on jobs. It was about a jobs crisis. That is about it.”

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“Our government is being responsible with public money. We plan to save 60 billion dollars over five years and balance our day-to-day spending by 2027. We are spending less on outside consultants and shrinking the public service. This lets us invest in the country's long-term future while keeping costs down for Canadians.”

“Madam Speaker, that is the question I prepared to answer, not the member opposite’s suggestions. Although I do not discount good-faith suggestions and positive proposals that could be considered by the government at a later date, they are not what I was anticipating answering to tonight. Therefore, I will speak to the fact that our fiscally disciplined approach is helping to lower everyday costs for Canadians. Budget 2025 marked a tactical shift in the government’s management of public finances. That plan is focused on expanding federal capital spending to mobilize investment in the country while maintaining fiscal discipline. Our plan is built on a bedrock of fiscal responsibility not for its own sake, but to create the capacity to invest for the long-term future to ensure our economic strength and greater self-reliance. That is consistent with our approach and the approach in the spring economic update, which was also guided by the government’s two fiscal anchors. These are balancing operating spending with revenues by 2028-29 and maintaining a declining deficit-to-GDP ratio. Our plan is working. As recently announced by the Prime Minister, the government is on track to balance the operating budget in 2027-28, one year ahead of schedule. We are committed to the disciplined implementation of the efficiency measures in budget 2025. This includes a comprehensive expenditure review, which was proposed to save $60 billion over five years. That comprehensive expenditure review is also returning the size of the public service to a more sustainable level through early retirement incentives, workforce adjustments and attrition. With implementation well under way, the focus is now turning toward targeted, ongoing, horizontal reviews, beginning with efforts to rein in spending on external management and other consulting services. These challenging but necessary actions will continue to support our objective of spending less to invest more in Canadians. In budget 2025, we also outlined a capital budgeting framework. This framework has distinguished day-to-day operational spending from long-term investments that strengthen our economy. Importantly, this framework is designed to enhance, not replace, existing financial reporting. It also creates further transparency for all opposition parties and all parties in this House.”

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• Echo ×6

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  “Beginning with efforts to rein in spending on external management and other consulting services.”

  Said 6 times by 5 members since May 5.

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“Our government is managing the economy well. We have added over 217,000 jobs, grown faster than other G7 countries, and brought in record investment. This is happening because our plan works.”

“Madam Speaker, in fact, our government is doing well when it comes to the economy. The member opposite is obviously fully able to disagree with me, but I will state for the record that our government is getting results for Canadians. There are 217,000-plus net new jobs in the economy and the highest GDP growth in quarter two in the G7. We have also seen an almost two-decade record high in foreign direct investment. The Prime Minister’s investment summit garnered interest from investors around the world and got domestic investors to commit almost $500 billion in new investment in our economy. Those things did not happen by accident. They happened because our government has put in place a plan, a framework and a set of policies that are stimulating our economy, has a capital budgeting framework that is fiscally responsible and is making those generational investments in our economic strength and growth for the prosperity of all Canadians.”