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Finance

During question period on finance, members debated the government’s recent budget and its deficit and debt levels. Conservatives said the projected deficits—including a $150 billion total deficit and $288.7 billion in operating deficits over five years, with total debt reaching $1.593 trillion—are burdening future generations, driving up debt interest costs of over $1 billion a week, and doing nothing to help Canadians facing job losses, high food prices and unaffordable housing; they asked the government to balance the budget and control spending. Liberal ministers and members replied that the deficit fell 40% in 2025-26, that day-to-day spending is being balanced a year ahead of schedule, that the government cut taxes for 22 million Canadians, found $60 billion in savings through an expenditure review, and is delivering measures like a groceries and essentials top-up of $2,570 for a family of four, a fuel tax pause, $10-a-day child care, and school meals. Liberals also pointed to job creation figures, including nuclear projects at Darlington and Pickering, and said Conservatives were focusing on bad news about Canada; Conservatives countered that the job-creation figures were aspirational while 50,000 private-sector jobs were lost in the last month.Written by AI from the debate. Updated .

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