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Decentralized Democracy

House Hansard - 306

44th Parl. 1st Sess.
May 1, 2024 02:00PM
  • May/1/24 3:12:58 p.m.
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Mr. Speaker, allow me once again to set the facts straight. Canada has one of the strongest fiscal positions of any country in the world, certainly the lowest deficit in the G7, the best debt-to-GDP ratio in the G7, and it is continuing to decrease, and we are the third-largest economy in the world with an AAA credit rating, the top credit rating by the agencies that look at fiscal sustainability of governments. All that is on the backdrop of further investments we are making, generational investments to support Canadians. Contrast it with the ideology of the Conservatives: to leave Canadians to fend for themselves, cuts, and austerity.
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  • May/1/24 5:30:46 p.m.
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Madam Speaker, I appreciate my colleague's question, but I am not sure I captured the beginning of it. However, this budget will have about $40-billion deficit. The focus is on maintaining, but we are continuing to invest in new programs, yet drawing in enough revenue so that the deficit will not be as high as predicted. We are now moving downwards on the deficit. We will continue to do our work, and we will be there for Canadians. I talked about young people and people with disabilities, and we will continue to support—
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