QUESTION PERIOD — Finance
Budget 2019
April 10, 2019
Honourable senators, the Liberal Party promised Canadians a balanced budget by this year, 2019. Instead, projections released just before Christmas show the government does not expect to balance the budget until 2040, 21 years from now. In 2015, the Liberal Party condemned the use of omnibus legislation and promised to end its practice. Last Tuesday, Minister Morneau introduced yet another omnibus Budget Implementation Bill, which is 360 pages long.
I could go on, Senator Harder, but I think you get my point. What consequences does the Prime Minister expect for breaking the promises that we’ve outlined to Canadians?
I thank the honourable senator for his question. It gives me the opportunity to respond to his first question relating to this year’s budget.
With respect to the fiscal anchors of this government, for four years now, the government has been saying that their fiscal anchors were an ever-decreasing debt-to-GDP ratio and a declining net debt over years. I reference, in particular, page 20 of the budget where the government clearly outlines the consequences of its now four years of budgets, in which the net debt and debt-to-GDP ratios are exactly in conformity with the fiscal anchors of this government. That has led to not only a stronger economy but also lower unemployment rates, and indeed, the institution of programs that can begin to address the anxiety Canadians are feeling.
It is certainly the view of this government that this budget, along with the three predecessor budgets, are a platform on which to engage Canadians in a choice they will have to make this fall.
Bring it on.