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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 11:47:07 a.m.
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Madam Speaker, before the pandemic, it took only two Conservative governments to accrue more than 70% of Canada's prepandemic debt. That is because their fiscal ideology is to cut taxes for the wealthy and to cut services for everyone else. In stark contrast, our last Liberal government paid down our national debt significantly. We have demonstrated that one can be a good fiscal manager while investing in Canadians, growing the economy and continuing to fight poverty and climate change. Budget 2022 lowers our debt-to-GDP ratio and will help build a Canada where no one is left behind.
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