Pierre Paul-Hus at the Government Operations and Estimates Committee

On December 2nd, 2020. See this statement in context.

December 2nd, 2020 / 5:55 p.m.

Conservative

Pierre Paul-Hus Conservative Charlesbourg—Haute-Saint-Charles, QC

Okay.

Let's talk about interest rates now.

Considering the expenditures to date, the debt is $1.1 trillion. When the government tells us that interest rates are low, it makes for a nice political speech, but in real life, we do not know whether, in a year or two, interest rates will increase by 1%.

Can you tell us what effect a 1% increase can have on the government's budget?

See context to find out what was said next.