Mr. Speaker, it is the Prime Minister who admitted that deficit spending adds to inflation. Maybe that is why there has been a record increase in child poverty this year, with one in five kids now in poverty, and two million people lined up at food banks. This is not my world view; he has now admitted that deficits contribute to inflation. That is why he promised that the deficit would not go above $40.1 billion last year. He has had six months since that fiscal year ended. Does he even know what the deficit was in his own government?
In the House of Commons on November 20th, 2024. See this statement in context.