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Decentralized Democracy

House Hansard - 61

44th Parl. 1st Sess.
April 29, 2022 10:00AM
Context: House Hansard - 61 - Apr/29/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/29/22 11:37:01 a.m.
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Madam Speaker, global inflation is having a significant impact on household budgets. While Canada's rate of inflation is below that of the U.S., Europe, the G7 and the OECD, we are continuing to focus on making life more affordable. We are indexing important programs, such as the Canada child benefit, OAS and GIS, to the cost of living. We are implementing an economic growth plan that creates job, grows the economy and doubles the amount of residential construction so that millennials can afford their first home. We are doing this while unwinding Canada's pandemic deficits and reducing our debt-to-GDP ratio because that is the fiscally responsible thing to do.
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Context: House Hansard - 61 - Apr/29/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/29/22 11:39:36 a.m.
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Madam Speaker, the leader of the Conservative Party herself has already admitted that the extraordinary investments that were made over the course of the pandemic were necessary to protect Canadian families and Canadian workers. Our plan has worked. In fact, we have maintained the lowest net debt-to-GDP ratio in the G7 while growing the economy and recovering 115% of jobs lost due to COVID-19. Canada was able to do this because of our prudent fiscal management. It is now time to unwind the pandemic deficits and continue to grow our economy while reducing our debt-to-GDP ratio. This is what good fiscal managers do, and it is going to allow us to make Canada and life—
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