Government deficit refers to the amount by which government spending exceeds revenue in a given fiscal year, and when governments run deficits, they borrow money which increases national debt and leads to higher interest payments for citizens. In this Canadian political debate, the Conservative opposition criticized the Liberal government for doubling the deficit from $31 billion to $65 billion, arguing this would burden Canadians with increased costs, while the Liberal government defended its fiscal policies as necessary for economic growth and affordability measures.
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Poilievre says PM Carney has ‘done the impossible’ by doubling deficit Trudeau left behindAdded:
Mr. Speaker, it's just that this Liberal Prime Minister has gone from writing Justin Trudeau's policies to plagiarizing his talking points.
Actually, that's not fair to Justin Trudeau.
This Liberal prime minister has done the impossible, and that is he has doubled the deficit that Trudeau left behind.
more cost, more debt, more taxes, more on the national credit card, and more interest payments for Canadians. So once again, with Canadians spending $3,000 per family on interest for the debt, is there any limit on the Liberal credit card, >> the right honorable prime minister, >> Mr. Speaker, in the face of a tariff war, in the face of an actual war, this government has reduced the deficit by 11 billion.
>> This government This government This government has reduced the level of debt across the entire forecasting. This government is on track to deliver $60 billion of savings for Canadians. This government's on track to reduce spending on consultants by 20%. This government will build Canada strong.
They are here.
>> The honorable leader of the opposition.
>> Mr. Speaker, the deficit Justin Trudeau had provided for this year was 31 billion.
Yesterday, the Liberal Prime Minister provided a deficit of 65 billion.
65 is bigger than 31.
>> And if you read, I know I'll speak slowly for the liberal mathematicians on the other side of the house because as the Globe Mail said, in the upside down land of the Liberals, a spending spree is a spending cut. Blowing a windfall of billions of dollars is prudent and failing to prepare for a fiscal storm is well just good.
>> Time's up.
The right >> the right honorable prime minister.
>> Your time is up here.
>> Many ways.
>> Mr. Speaker, I won't go there. I won't go there. [laughter] Mr. Speaker, this government's focus on affordability. Half of the measures in the in the update are to make life more affordable Canadians. Uh reducing and June 5th look forward 12 million Canadians to getting a check uh to help with groceries and essential lower cost of gasoline. But we're building the country strong for all, including Canada's youth. The biggest investment in apprenticeships in our history. here.
>> The honorable the honorable leader of the opposition.
>> Liberals are like the Bourbon dynasty.
They learn nothing and they forget nothing. Over the last decade, they told us that if we racked up the credit card that somehow it would grow the economy.
What did we get? got the worst growth in the in the G7, the highest housing cost in the G7, the worst household debt in the G7, the worst investment per worker in the G7, and now it's deja vu all over again with the prime minister repeating exactly the same policies. More debt, more costs, more taxes. He's just another Liberal. Will this prime minister recognize that Canadians are paying for his mistakes?
>> The right honorable prime minister Mr. Speaker, Canadians will not forget that the member opposite voted against child care, voted against Pharmarmacare, voted against dental care, voted against the groceries and essentials benefit that Canadians are going to see $500 checks in a few weeks. Mr. Speaker, Canadians will see the second strongest growing economy in the G7. They would like to forget.
>> My time up.
>> The honorable leader of the opposition.
>> Mr. Speaker, this prime minister has this Liberal prime minister has been wrong about every major economic issue of the last decade. He was wrong to push for bigger and broader carbon taxes.
Wrong to say that we should leave 50% of our oil in the ground. Wrong to oppose the Northern Gateway pipeline. Wrong to say CO would lead to deflation. Wrong to say money printing would not raise the cost. Wrong to say that affordability is the best that it's been in a decade. He keeps getting it wrong. Mr. Speaker, yesterday he repeated the same mistakes.
When will he realize that the more he gets it wrong, the more the Canadian people have to pay?
>> The right honorable prime minister.
>> Mr. Speaker, wrong on crypto, wrong on Brexit. I could go on, but you know what this government is right on? You know what this government is right on? It's about profitable capitalism. It is working with the great province of Alberta to make sure that Canadian energy powers the world. It's about ensuring our competitiveness. It's about working with the province of Ontario, a premier that picks up my phone call and works with us to put Darlington new nuclear into power. It is about building Canada's strong.
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