Madam Speaker, despite global uncertainty and ongoing geopolitical instability, Canada's fiscal position remains strong. The 2026 spring economic update confirms that our fiscal outlook has improved, not deteriorated. Deficits are declining over the medium term, and the government remains firmly committed to a declining federal deficit-to-GDP ratio. As a whole, Canada also continues to have one of the strongest fiscal positions in the G7, with the lowest net debt-to-GDP ratio and the second lowest deficit-to-GDP ratio.
That strong position is not accidental. It is the result of a government that is committed to making responsible, disciplined choices. That means spending less on government operations, cutting waste and ensuring public funds are used where they can deliver the greatest impact. By managing costs carefully, we are creating the fiscal room to invest more in the things that truly matter, such as supporting workers, helping businesses grow and building the nation-building infrastructure our economy depends on.
Fiscal responsibility also means not fuelling inflation. Inflation has remained within the target range for 28 consecutive months, and we want to maintain the right conditions to keep it there. That is why the government is focused on improving supply, especially housing supply, and providing real targeted affordability relief without compromising economic stability. Even under more challenging global conditions, our fiscal position remains stable under our responsible fiscal plan.
Let us talk about fairness, because fiscal responsibility is ultimately about intergenerational fairness. The government knows that young Canadians deserve more opportunities. By keeping debt under control and investing in growth, we are protecting their future. The 2026 spring economic update shows a government that is meeting today's challenges while protecting tomorrow's prosperity.
I have to highlight for my colleague, given her interest in young Canadians and creating opportunities for them, the transformational $6-billion initiative in the spring economic update to invest in recruiting, training and hiring up to 100,000 new Red Seal trades workers right across the country.
Canada's finances are improving, our fiscal anchors are intact, our debt remains sustainable, and our economy is being strengthened, not undermined by responsible public investment. That is fiscal responsibility. That is what the government is delivering. I hope that my colleague opposite gets on board.