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Decentralized Democracy

House Hansard - 232

44th Parl. 1st Sess.
October 16, 2023 11:00AM
Context: House Hansard - 232 - Oct/16/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Oct/16/23 2:37:46 p.m.
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Mr. Speaker, our government will provide an update on our fiscal position, expenses and revenues in due course, in this fall's economic update. I want to be very clear on Canada's fiscal position. I was at the IMF World Bank finance ministers meeting just last week. That is where it was so clear that Canada has the lowest deficit, the lowest debt-to-GDP ratio in the G7. Our position is enviable.
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Context: House Hansard - 232 - Oct/16/23
Mr. Adam Chambers (Simcoe North, CPC)
  • Oct/16/23 2:38:32 p.m.
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Mr. Speaker, it is nice to welcome back the finance minister. I was beginning to think she had forgotten the address of this location. After eight years, Canadians are realizing that the government is not worth the cost. Canadians are struggling and the government continues to increase its deficits and inflation. Everyone now agrees that deficits increase interest rates. Will the finance minister finally confirm for Canadians that she will balance the budget so that interest rates can come down and Canadians can keep their homes?
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Context: House Hansard - 232 - Oct/16/23
Mr. Pierre Paul-Hus (Charlesbourg—Haute-Saint-Charles, CPC)
  • Oct/16/23 2:42:23 p.m.
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Mr. Speaker, the Parliamentary Budget Officer expects the federal deficit to reach $46.5 billion next year. That is 16% more than the Liberal government had initially projected. That being the case, he does not expect interest rates to drop until April 2024. Given the ongoing housing crisis, that is truly a disaster. Will the Minister of Finance confirm that the deficit will really be $6 billion higher next year?
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