“A budget expert says our debt will get worse every year until 2031, and interest on the debt is our fastest-growing expense. Will the government admit it needs to change course and cut spending?”

“Mr. Speaker, the Parliamentary Budget Officer, an expert in economics and finance, just issued a scathing report card on the Liberals’ fiscal management. She said that the debt-to-GDP ratio will get worse every year until 2031. She said that the Prime Minister will blow past his own benchmark of a declining deficit-to-GDP ratio, and she found that interest on the debt will be the fastest-growing expense in the entire federal budget. With such stark warnings from an expert the government itself hired, will the Liberals finally admit that it is time to reverse course and rein in spending?”

“The Prime Minister promised our economy would grow fast, but it is shrinking. Paying interest on the debt will soon cost $83 billion, instead of helping Canadians with housing or food. I want the minister to admit the government caused this affordability crisis.”

“Mr. Speaker, the Prime Minister promised the fastest-growing economy in the G7, and it is actually shrinking. He should read his briefing notes. In 2021, the interest on the debt cost $25 billion. This year, it is nearly $60 billion. That will be $83 billion by 2030. That is not money for nurses. It is not money for housing or groceries. It is interest. The minister knows that Canadians cannot even pay their rent, so will he at least get up and acknowledge that Canada is in an affordability crisis that he has created over the last 11 years in that chair?”

• Echo ×10

  A repeated line

  “The Prime Minister promised the fastest-growing economy in the G7.”

  Said 10 times by 7 members since April 27.

  Every time it was said →