Madam Speaker, I want to thank the minister for reaching out to me last week after the budget had been tabled. We had a good conversation. However, had she reached out a little earlier, we could have helped her craft a budget that was truly a growth budget.
I noticed that her speech was almost exclusively about how much she had spent. There are certainly elements within the budget that we support, but as she is the finance minister, I would have expected her to talk about debts, talk about deficits and talk about the impact inflation and interest rates could have on the sustainability of our economy and our national finances. She mentioned none of that.
The minister's mandate letter from the Prime Minister directed her to come up with a “new fiscal anchor”. However, the fiscal anchor she came up with was the old one based on the debt-to-GDP ratio, except it did not have any targets attached to it this time.
Why has the minister not directed her mind to the financial sustainability of the country? Why did she not—