Mr. Speaker, our government absolutely understands that fiscal restraint is an important part of our fight against inflation.
That is what we put forward in the budget in April, as recognized by S&P with our AAA credit rating. In fact, Canada is tied with the U.S. for the fastest rate of fiscal consolidation of debt and deficit reduction in the G7.
I know that the member opposite ran in the election last year and I would like to remind him that on the campaign trail, they actually proposed more spending and a bigger deficit than we did.