Bay of Quinte MP Chris Malette says the Spring Economic Update released on Tuesday has many positive measures.
He released the following statement on Tuesday, after the financial plan was revealed in Ottawa.
STATEMENT FROM BAY OF QUINTE MP CHRIS MALETTE – Canada’s Spring Economic Update is about fiscal responsibility while delivering real results for communities like Bay of Quinte.
Over the past year, Canadians have faced a rapidly changing world. In response, Canada’s new government is focused on what we can control: building a stronger, more independent and resilient economy here at home.
We have reduced our projected deficit for 2025-26 by more than $11 billion, while continuing to invest in what matters most: lowering costs, supporting workers, building homes, strengthening industry and growing our economy.
Here in Bay of Quinte, that means real support for families, workers and our local economy.
We are pausing the federal fuel excise tax to help lower prices at the pump, launching the Canada Groceries and Essentials Benefit to help with everyday costs, investing in skilled trades through Team Canada Strong and taking action to get more homes built faster.
We are also making historic investments in National Defence, which is already having a real impact on the men and women serving at 8 Wing CFB Trenton. Canada has reached the NATO 2% defence spending target five years ahead of schedule, while generational pay increases are helping drive Canadian Armed Forces recruitment to its highest level in 30 years.
This is about delivering for Bay of Quinte today while building a stronger future for tomorrow.
Canada’s new government is building a country that is strong, fair, independent and resilient. We are building Canada strong, for all.
