Finance

During question period on finance, Conservatives asked repeatedly about ministers’ claims that a review had found $60 billion in savings, noting that deputy ministers had called it a reallocation exercise with no actual savings, and asking whether the ministers had misled the House. Liberal members responded by defending the government’s fiscal record, saying the budget invests in the economy while helping people with the cost of living through benefits and tax credits, and citing GDP growth, a reduced deficit, higher business investment, and growing trade outside the United States.Written by AI from the debate. Updated .

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2 statements

Kelly McCauley, Edmonton West

Conservative
“The finance minister said he found $60 billion in savings, but his deputy said there were no real savings and spending is actually up. Did the minister mislead the House? If not, where are those savings?”
Official Hansard

Mr. Speaker, the Minister of Finance told this House that they had found $60 billion in savings in the expenditure review. His own deputy minister, though, stated that the review was merely an allocation exercise and that there were no actual savings. The costly credit card budget is showing an increase of billions in operating spending, adding to the already crushing debt load on Canadians. Did the finance minister mislead the House, as his deputy and the budget show? If not, where is the $60 billion in savings?

Kelly McCauley, Edmonton West

Conservative
“The ministers said they found $60 billion in savings, but their own budget shows spending went up by billions. Did they mislead the House, or where is that money?”
Official Hansard

Mr. Speaker, not wanting to be left out, the President of the Treasury Board, responsible for spending oversight, also stated that they had found $60 billion in savings. His deputy, though, contradicted him, calling it a “reallocation exercise” and stating there were no actual savings. Here we have the two ministers most responsible for the public purse both claiming $60 billion in savings, yet the costly credit card budget shows an increase of billions in operating spending. Did both ministers mislead the House? If not, where is the $60 billion in savings?

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