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Decentralized Democracy

House Hansard - 186

44th Parl. 1st Sess.
April 27, 2023 10:00AM
Context: House Hansard - 186 - Apr/27/23
Ms. Raquel Dancho (Kildonan—St. Paul, CPC)
  • Apr/27/23 4:27:40 p.m.
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Madam Speaker, given the hon. member's legal expertise, I appreciated his legal analysis of the budget. However, I am concerned about the economic trajectory of this country. With the data from the budget itself and from last year's budget, in fact, our GDP per capita is significantly lower than those of the Americans and of our OECD advanced economy competitors. In fact, it has gotten worse over the last three decades. In particular, we have seen stagnant wage growth over the past five years, compounded with record-high inflation and very high housing prices. The Liberal government is spending all this money, and yet we are not seeing great economic growth trajectory for Canadians. I am very concerned about it.
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Context: House Hansard - 186 - Apr/27/23
Mr. Peter Fragiskatos
  • Apr/27/23 8:19:52 p.m.
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Mr. Speaker, I have a great deal of respect for my colleague. However, we disagree on this issue. Canada's fiscal situation is a very important reality for the House and for our country. Canada right now, if we look at the G7 countries, has the lowest deficits, has the lowest debt, if we use the debt-to-GDP ratio as the key metric, which we should. The IMF is clear on that, that this is the key metric to look at. I would look back to previous Conservative governments which, far from balancing budgets, have only run up deficits and added to the debt. It has been a fiscally responsible approach and we will continue with this. We have a very proud record to look at.
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