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Finance

During question period on finance, the Conservatives cited a new report from the Parliamentary Budget Officer, saying it shows the debt-to-GDP and deficit-to-GDP ratios rising despite government promises to lower them, and asked the government to acknowledge an affordability crisis marked by record food bank use and high grocery and rent costs. The government pointed to an upcoming budget on November 5, saying it will aim to attract investment, create jobs and make life more affordable, and responded to the criticisms by citing Canada’s fiscal position—low net debt and deficit relative to GDP and a AAA credit rating. Liberals also said Conservatives had voted against Manitoba projects, including aerospace jobs, supports for farmers, and internet access for northern residents, and highlighted the Canada child benefit, which they said goes to 3.5 million families.Written by AI from the debate. Updated .

Official text

3 statements

Dan Mazier

Conservative
“The Prime Minister promised to lower Canada's debt compared to our economy, but the budget officer says it will keep rising. The Liberals are hiding this with tricky accounting. I want them to admit that their government has made life unaffordable for Canadians.”
Official Hansard

Mr. Speaker, last year, the Prime Minister campaigned on a promise to lower the federal debt relative to Canada’s GDP. Today, the Parliamentary Budget Officer revealed that was just another broken promise. According to the PBO, debt to GDP will increase under the Liberals for years. Meanwhile, the Liberals are hiding behind creative accounting to fool Canadians. Will the Liberals admit that Canada is facing an affordability crisis after 11 years of their government, or are they totally out of touch?

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Michael Cooper

Conservative
“A new budget report shows the government broke its promise to lower the deficit compared to the economy. The deficit is actually growing. Canadians cannot trust the government's money plan.”
Official Hansard

Mr. Speaker, today’s PBO report reveals that the Liberals will blow through a key fiscal anchor that they promised only months ago. The Liberals promised declining deficits to GDP. The PBO confirms the opposite: rising deficits to GDP. This is a complete indictment. The Liberals are failing to follow through on a central pillar of their budgetary policy. In the face of that, how can Canadians have any confidence in their so-called fiscal plan?

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Michael Cooper

Conservative
“People cannot afford food and rent, and food bank use is at a record high. The government's poor money management caused this. Will the Liberals finally admit their policies caused an affordability crisis?”

  • A repeated line

    “Food bank usage is at a record high.”

    Said 3 times by 3 members since May 25.

    Every time it was said
Official Hansard

Mr. Speaker, today’s PBO numbers confirm what Canadians know and feel. Food bank usage is at a record high, and groceries and rent are unaffordable. Canadians are literally paying the price for the Liberal government’s fiscal mismanagement. After 11 years, will the Liberals finally acknowledge that Canada is in an affordability crisis courtesy of their policies, or are they totally out of touch?

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