The Budget
Date: 2023_04_18
Chamber: HOUSE OF COMMONS
Mr. Faycal El-Khoury: I will be sharing my time with the hon. member for Aurora--Oak Ridges--Richmond Hill . We are entering an age of uncertainty, shrouded in secrecy and danger. Since 1989, some political thinkers have seen in liberal democracy the spirit of an unstoppable force that would conquer the entire world and bring prosperity, spiritual and material well-being, and safety to one and all. It was the advent of the advancement of enlightenment, the end of history. Peace and wealth would spread and we would not have any problems. One has to admit that this narrative has been compromised on several fronts, first, because of the rise of authoritarianism in some areas of the world, both near and far from our borders, and second, because this promised prosperity and progress seem to have come about to the detriment of our sustainability on Earth. Social tensions are also rising everywhere, even within our young democracy. That is not to mention a pandemic that put stress on public finances throughout the western world and elsewhere. There is also the return of war in Europe. In short, the reality of the past few years reminds us that the world is a tough place, where we need to fight for what we want and for our values. Dealing with these uncertainties requires money, forward-looking and responsible financing, targeted investments and, finally, a lot of compassion. This budget brings all these qualities together. I would like to elaborate on those elements in the House, as this financial plan is our way of making the lives of all Canadians more affordable and of implementing an action and management framework for future generations. First, in these uncertain times, we had to give direct assistance to families. Food is one of the main things people stress about. Thanks to the grocery rebate in our budget, 11 million low- and modest-income individuals and families across the country will receive financial assistance based on their circumstances. People also stress about dental care. It is vital that our children not be judged by their smile in a G7 country. This is why funding for more affordable dental care, especially for younger children, is an important part of this budget plan. To make dental care affordable for more people in the country, the federal government is committed to covering the dental care of uninsured Canadians with a family income of less than $90,000 per year, starting with children under the age of 12. Mental health is another important issue that needs attention. Households in Canada are filled with families with children, as well as adults, who are seeking their place in this world, who are facing daily challenges that erode their happiness, or who are simply struggling, despite themselves, with mental health issues. That is why our budget will do more, including through $5 billion in funding to the provinces and territories, to improve community-based mental health and addictions services. In addition, a solid and effective public health system is essential to the well-being of Canadians and is an important pillar of a prosperous and growing economy. That is why the budget is implementing the federal government plan to provide an additional $195.8 billion in health transfers over 10 years to the provinces and territories to ensure that all Canadians can receive proper care. Let us now talk about housing measures. In the 2022 budget, the federal government announced significant investments to make housing more affordable, including by helping Canadians buy their first home, curbing unfair practices that are driving up prices and working with provincial and territorial governments, as well as municipalities, to double the number of new homes that Canada will build by 2032. In the budget, the government is proposing new measures to continue this work and support its efforts to make housing more affordable from coast to coast to coast. These measures include, for example, new tax credits, homelessness reduction objectives and research and development in housing affordability. In the budget, the government is also announcing that it will consult on changes required to remove regulatory barriers for homebuyers from diverse communities seeking access to alternative financing products. This budget is also a thoughtful response to several international problems that are affecting Canada as well as other countries that have to deal with the challenges of climate change. The budget is an even more ambitious continuation of our climate policy. To illustrate my point, I would like to talk about the G7 summit that was held in Cornwall, in June 2021. At this summit, participants were already talking about the need to implement internationally the concept of "the wealth economy" introduced by the Bennett Institute for Public Policy at Cambridge University. This institute claims that we need to invest in productive and sustainable natural capital to generate sustainable prosperity. That is what our budget 2022 did and that is what our budget 2023 will continue to do. The report also mentions the need to shift from reaction mode to action mode in addressing the health crisis. This will ensure that government finances have the long-term resiliency needed to help address future problems and structural challenges. This includes resilient, inclusive growth for an effective response to future public sector indebtedness. The dilemma lies in the fact that these actions will create even more indebtedness, and the experts point out that nations will have to apply a macroeconomic lens to manage the temporary debt increase. This is what we are doing. In the months and years ahead, Canada has to seize the outstanding opportunities arising from two fundamental shifts occurring in the global economy. The first is the race to build true 21st-century economies. The second is the increased push among allied nations toward friendshoring by building their vital supply chains around democracies like Canada's. I cannot say whether the end of history heralded since 1989 will actually occur, or whether the obstacles facing Canada and the international system are merely bumps on the road in the long global march towards liberal democracy. One thing is certain, our government will always be there for Canadians. We will be there for the caretaker and the baker with two children who just want to take a vacation, for the firefighter who can no longer go to work because of an illness, for the single mother working two jobs and for the young girl who is a newcomer to Canada. We will look after them today and in the future. I have two beautiful granddaughters, Livia and Leya. I want to be able to look them in the eye in a few years' time and tell them that we did the right thing on climate change, that we invested in the right places while there was still time, that we took smart, targeted action, that we did not shy away from these huge issues, that we faced them head-on. Under our leadership, Canada will always be the little light that shines through the darkest storms, guiding the way towards a future in which we may not have everything, but we have everything we need. As the great theologian Reinhold Niebuhr said, "God, grant me the serenity to accept the things I cannot change, courage to change the things I cannot accept, and wisdom to know the difference."