Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources
“Our debt costs are low compared to the past, and our overall debt is in good shape. We are using our money to grow the economy and create thousands of jobs, including in Calgary. I want the Conservatives to support our budget.”
“Mr. Speaker, managing debt is important, and so is intellectual honesty and context. The reality is that our debt servicing is at 1.7% of GDP, comparable to the Harper years that they lionize, and well below the 6.5% in the nineties. We have the lowest net debt. We have the second-lowest deficit. We are using that fiscal capacity to grow our economy, including in our home city of Calgary, where we are seeing significant growth and significant investments, including tens of thousands of jobs and thousands of youth jobs. There is much to be excited about. I hope they get on board.”
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Government answer in Question Period
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Mr. Speaker, managing debt is important, and so is intellectual honesty and context. The reality is that our debt servicing is at 1.7% of GDP, comparable to the Harper years that they lionize, and well below the 6.5% in the nineties. We have the lowest net debt. We have the second-lowest deficit. We are using that fiscal capacity to grow our economy, including in our home city of Calgary, where we are seeing significant growth and significant investments, including tens of thousands of jobs and thousands of youth jobs. There is much to be excited about. I hope they get on board.
