Finance

This was question period on the eve of a federal budget titled “Masters of Our Destiny.” Bloc Québécois members asked whether the government would repay money Quebec says it is owed for asylum seeker costs, raise health transfers by 6% annually, and spend Quebecers’ tax dollars on Quebec priorities such as housing and culture instead of pipelines, airport sales, or concessions to the United States. Liberals answered by pointing to hydroelectric projects like Churchill Falls, the Davie shipyard contract, infrastructure spending, and federal programs such as the Canada child benefit and dental care, and invited the Bloc to support them. Conservative Michael Chong repeatedly asked whether the budget would meet targets to lower the deficit and debt, citing economists’ warnings about fiscal complacency and rising interest payments; Liberal Wayne Long replied that budget 2026 would be tabled the next day and would build a strong, diversified economy while helping people with cost of living.Written by AI from the debate. Updated .

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2 statements

Michael Chong, Wellington—Halton Hills North

Conservative
“I have asked four times about the government's spending targets and got no answer. An economist warned today that governments are avoiding tough choices to prepare for the future. For the fifth time, will the government meet targets to lower the deficit and debt in tomorrow's budget?”
Official Hansard

Mr. Speaker, four times I have asked a question about the government’s fiscal targets and four times there has been no answer. Here is why the question is important. Here is what economist Christopher Ragan said in today’s Globe: ...our governments are suffering from “fiscal complacency.”... They are doing what is easy and painless in the short run, but avoiding the tougher decisions that would better prepare them for an uncertain and risk-filled future. For the fifth time, will the Prime Minister and the government meet fiscal targets to reduce the deficit and debt in tomorrow’s budget?

Michael Chong, Wellington—Halton Hills North

Conservative
“The Prime Minister says Canada must prepare for future crises, including war. But the government's rising debt and interest payments leave us unable to handle them. I want to know if the government will hit its fiscal targets in tomorrow's budget.”
Official Hansard

Mr. Speaker, the Prime Minister’s new national security framework states that Canada needs to “Prepare for all contingencies up to and including war and other worst-case scenarios.” It puts economic security at the heart of that plan. Canada had the fiscal capacity to deal with the 2008 financial crisis and the 2020 pandemic, but the government’s rising debt and interest are reducing the capacity of the federal government to deal with the future crisis that the Prime Minister says is coming in his upcoming framework. For the sixth time, will the government hit its fiscal targets in tomorrow’s budget?

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