Key Points About PM Mark Carney's First Federal Budget
The first federal budget of Prime Minister Mark Carney is anticipated to be bold and ambitious, potentially coming with a significant cost.
The previous update on Ottawa's finances was in the fall economic statement of December 2024, which projected a $48.3 billion deficit for 2024-25, aiming to reduce it to about $23 billion by the end of the 2029-30 fiscal year.
Carney's government, which was elected on a promise to reduce reliance on Canada's neighbours to the south amidst a trade war with the United States, may not follow the previously suggested path towards deficit reduction.
Carney has promised that his first budget will be bold, ambitious, and “meet this moment”
This budget will also serve as a confidence vote in the minority Liberal government.
Author's summary: PM Mark Carney's budget to be bold and costly.
More News
- Women’s Big Bash League 2025-26 results
- Hundreds stranded after IndiGo canceled 1,000 flights in India air travel chaos
- Gridlocked Halloween, 2025, @kaltgatzke flashbang film. I ...
- Congress gridlocked on key issues as year-end deadline looms
- Babar Azam, Mohammad Rizwan in focus: PCB clears Big Bash NOCs for Pakistan players, but with a catch
- Heavy rain gridlocks KL traffic
- Canada's Air Transat to suspend flights
- Après la tentative de coup d'Etat au Bénin, la menace du pouvoir kaki plus présente que jamais en Afrique
- Breaking: Loyalist troops foil coup attempt in Benin
- No quick fix for ‘tiresome’ M50 gridlock, Minister says