Mr. Speaker, budget 2025 has two fiscal anchors: a debt-to-GDP ratio baseline and balancing operating expenditures over the next three years. Our former Parliamentary Budget Officer, Kevin Page, recently stated that he is comfortable with budget deficits of about 2.5% of the GDP given the current economic context.
Canada is ahead of Germany, Italy, the United Kingdom and France, and that includes the significant investments that we are making in this budget.