Government leader, my question is also related to the debt burden on young Canadians. In Budget 2024, the Liberal government declared that “financing the investment we need through more debt would be unfair to young Canadians . . .,” yet one year later that is exactly what your government is doing, piling on new debt while leaving young Canadians to shoulder the long-term costs of servicing it. Those now entering the workforce face a weak job market, rising debt payments, soaring living costs and an ever-growing bill from this government spending.

Leader, does this government now believe it is acceptable to place even more debt on the backs of young Canadians?

I repeat that the debt burden is lower now than it was when the Conservatives formed the government. This is not magic. It’s because the government that follows a Conservative one takes wise and good actions in order to lower the burden of the debt, and that’s exactly what the current government is doing with the current budget.

I will repeat the data from the International Monetary Fund, or IMF, Fiscal Monitor for October 2025: The net debt-to-GDP ratio is at 13.3%. Germany follows at 48.7%. It’s 13.3% here.

You want to have more information? I’ll give you more information. The lowest deficit-to-GDP ratio, second only to Japan; it’s 2.5% now, and it’s going to fall to 1.5% in —

Thank you, Senator Moreau.

Does that not include the provinces and the municipalities?

Senator Moreau, your government’s youth employment programs amount to little more than window dressing when weighed against the massive financial burdens being placed on this generation. How does the government reconcile its stated concern for fairness to young Canadians with policies that leave them paying more and getting less for their future?

Well, affordability: When we look at the future, we want young people to be able to have housing. We’re investing in housing, and with the program that the government has tabled, we cut the GST on first-time home purchases. We’re investing in the future of young people in Canada, and we’re investing in those who need more in Canada. That’s the responsibility of the government, and that’s what the government is doing —

Thank you, Senator Moreau.