Mr. Speaker, we have a wonderful finance minister. The budget is going to be delivered by our finance minister and our Prime Minister.
We will also remove the goods and services tax for first-time homebuyers on new homes valued up to $1 million, saving them up to $50,000, and lower the GST for first-time homebuyers on new homes valued between $1 million and $1.5 million. That is another point of action. This would provide a significant increase to the already substantial federal tax support available to first-time homebuyers through programs such as the first home savings account, the RRSP homebuyers' plan and first-time homebuyers' tax credit. By doing this, we would be helping more young people and young families achieve their dream of owning a home of their own. We are absolutely focused and committed to doing that.
We are also removing the consumer carbon price from law, following its cancellation, effective April 1. Yes, I know the party opposite said that we would never do it, that we were going to put it back on. We did it. We removed the GST from new homes and made the tax cut.
These moves are substantial for Canadians. We want to deliver change with measures that cut taxes, bring down costs and put money back into the pockets of Canadians. We are absolutely focused and committed to doing that. These are some of the ways the government is acting now to make life more affordable.
The government will also continue to protect the programs that are already saving families thousands of dollars every year. Those include child care, pharmacare, dental care and the Canada child benefit, which are saving families thousands, and which the Conservatives voted against. Child care was not supported. They voted against dental care.
Let us be clear. All of us on this side, as Liberals, believe that government has a role to play in Canadians' lives. We believe that government can come forth with transformational programs that help Canadians from coast to coast to coast. The other party members apparently do not, because they did not support the programs. We hear a lot about the price of housing, yet they voted against the rapid housing initiative. They voted against the coinvestment fund. For the housing accelerator fund, which is helping communities, villages and towns from coast to coast to coast, they voted against. Then their leader tells the members not to advocate for that program in their ridings.
We are committed to delivering for Canadians. We are focused on delivering for Canadians. Straight-up, my constituency office has not had five calls about the budget. I have had many calls about the tax cut, many calls about the GST removal on new homes and many calls about the consumer carbon price being eliminated. Do members think Canadians are calling my office in Saint John—Kennebecasis wondering why there is no budget right now when, as I would argue, one of the leading economists in the world has their hands on the wheel?
His Majesty said, during the Speech from the Throne, “In all of [our] actions, the Government will be guided by a new fiscal discipline: spend less so Canadians can invest more.” We will balance the government's operating budget over the next three years by cutting waste, capping the public service, ending duplication and deploying technology to improve public sector productivity.
To this end, the Liberals have committed to delivering the details of our plan in the fall. It is not as though it would be three years in the future or 10 years in the future, as the party opposite makes it seem. This fall, we will deliver the budget. Today we are debating the merits of releasing a budget this spring. Simply put, there is not much value in rushing to a budget within a narrow window of just a few weeks. There are other considerations that must be weighed in order to deliver a comprehensive and detailed budget.
Substantially advancing our discussions with the Americans would provide greater clarity. We all know those discussions are happening. The upcoming NATO summit is crucial for Canada's security and has significant budgetary implications. I think every member of this House will be pleased with the Prime Minister's announcement about the 2% commitment on spending with NATO. These are the kinds of things happening on a day in, day out basis. Yes, it is difficult to table a budget right this minute.
One of the key priorities we have emphasized and have been working on since the start of our mandate is improving government spending efficiency. We are looking for areas to reduce costs and enhance the productivity of the public service. Day-to-day government spending, the government's operating budget, has been growing by 9% every year. The government will introduce measures to bring it to below 2%.
The Liberals are launching these priorities while preparing the budget. Defence spending, economic outcomes and efficiency are all factors that will be captured. By taking these steps, we will have a much stronger, ambitious, effective budget this fall. In parallel, the government will take a series of measures to catalyze new investment to create better jobs and higher incomes for Canadians.
As we have stated before, our government's overreaching goal, its core mission, is to build the strongest economy in the G7. We are committed to building a strong economy. The stronger our economy is, the more we can help Canadians with transformational programs.
It starts with creating one Canadian economy out of 13. We must bring down the trade barriers. Internal barriers to trade and labour mobility cost Canada as much as $200 billion each year. That is why we have introduced legislation to remove all federal barriers to internal trade and labour mobility.
As many hon. members would have noticed last week, to build Canada strong, the government is also working closely with provinces, territories and indigenous peoples to identify and catalyze projects of national significance. What an exciting time for our country.
I talked to New Brunswick's premier about projects that the Liberals want to move forward with for New Brunswick, for Atlantic Canada. Maybe we can do something with Quebec and Ontario at the same time. The Prime Minister and the Minister of Energy and Natural Resources say we will not be defined by delay. We will be defined by delivery. We will be judged by actions, not words. I am absolutely excited; I am absolutely convinced that our future is very bright.
The geopolitical landscape in our world has changed, most likely forever. Relationships that we used to have, we cannot count on. Trade relationships that we used to have are gone. No country, probably, is at greater risk than Canada. However, if we invest, grow, build and move forward with passion and aggression, and we are not afraid to break a few things along the way, then the future of our country will be very bright.
Our government will provide additional details on these efforts and a spending plan in due course as it prepares for a comprehensive federal budget in the fall. I thank members. I do have my tie on; I have three of them now. I want to say that I am very blessed to be here and to have the opportunity to speak to everyone this morning.