Mr. Speaker, it is unbelievable, as my colleague just said.
It is more than twice the $154.4 billion that Justin Trudeau would have added over the same period. Do members remember the quote at the start, that the Prime Minister was going to be better than Justin Trudeau? Well, here we are.
This budget adds another $10 million to our debt every hour. Under the new Prime Minister, federal debt is now $1.3 trillion, and interest on the debt will be $55.6 billion for 2025-26. That is more than the Canada health transfer of $54.7 billion. It is incredible. It is also more than the GST revenue the government collects across the country, which is $54.4 billion and amounts to $3,360 per Canadian household.
The Prime Minister said out of his own mouth that the previous prime minister was an irresponsible spender, which is why he lost his job in the first place. We saw that with an out-of-control government. Many of its members are still here, but that is why he lost his job and we all know that.
The current Prime Minister won under the premise that he was going to spend less and invest more than the previous prime minister. Those are some pretty significant promises he has already broken. I will say this, and I am sure the members across the way will have a problem with it: He is indeed out of control, and we definitely need a much more financially responsible prime minister. A future prime minister, I would say, is the current opposition leader.
Author Kim Moody gives a great summary of the Prime Minister's budget: “It's a clever performance, but, at its core, it's a deceptive trick, one that trades transparency for theatrics and leaves Canadians poorer for having believed it.” That goes out to all the people who voted for the Prime Minister. “Government spending—capital or operating—increases government debt in the same way.”
I would call on voters and Canadians out there to note this: The Prime Minister sold them the bill of goods that he was going to spend less and invest more. He is doing the exact opposite.