Fiscal safeguards are a generally accepted best practice, and these are in place to ensure that a government, any government, does not embark on a path that would lead its finances to be unsustainable over the long term. That's also why we regularly release a fiscal sustainability report that looks at the long-term sustainability of provincial and federal governments across the country, looking at the impact of current fiscal policies if they were to be maintained over the next 75 years. That's to ensure that the debt level, as it is, and current policies do not make the federal finances and provincial finances unsustainable over the long term, meaning a debt level that becomes significantly higher than it is now.
On January 31st, 2022. See this statement in context.