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Decentralized Democracy

House Hansard - 117

44th Parl. 1st Sess.
October 25, 2022 10:00AM
Context: House Hansard - 117 - Oct/25/22
Ms. Rachel Bendayan (Parliamentary Secretary to the Minister of Tourism and Associate Minister of Finance, Lib.)
  • Oct/25/22 2:31:54 p.m.
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Mr. Speaker, Canada has the lowest net debt-to-GDP ratio among G7 countries, and Canada has the lowest deficit among G7 countries. Our deficit is hovering around 1%. That is nearly deficit zero. We have been fiscally responsible since well before the new Conservative leader was elected. In fact, we have been fiscally responsible to ensure that Canada would weather this inflationary storm better than most other countries. The inflation numbers we are seeing among our peers are much higher than we are seeing here in Canada, and in Canada, we have an affordability plan that will help Canadians.
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Context: House Hansard - 117 - Oct/25/22
Ms. Rachel Bendayan (Parliamentary Secretary to the Minister of Tourism and Associate Minister of Finance, Lib.)
  • Oct/25/22 2:37:07 p.m.
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Mr. Speaker, being there for Canadians during the pandemic was the right thing to do. In fact, it is because of our support for Canadians that the economy has rebounded so quickly. We are seeing the results today. In a time of global economic instability, Canada has the best growth rate among our G7 peers, with the lowest deficit among them. We were fiscally responsible, while being there for each other.
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