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Finance

In question period on finance, Conservative members said government spending is driving up interest rates, inflation and debt, pointing to rising food bank use, a PBO report projecting higher unemployment, and what they called unmet promises to balance the budget and lower the debt-to-GDP ratio; they called for spending cuts. The Liberal minister replied that international agencies project Canada among the fastest-growing G7 economies, that Canada has the lowest net debt-to-GDP ratio and strong credit ratings in the G7, and that government programs support millions of Canadians with costs like child care, school food, disability benefits and groceries; he said the Conservatives have voted against these affordability measures and asked them to support the government’s plan.Written by AI from the debate. Updated .

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