PM Mark Carney's First Federal Budget
The upcoming budget is an automatic confidence vote in the minority Liberal government.
Prime Minister Mark Carney has stated that his first budget will be "bold, ambitious, and meet this moment", potentially at a significant cost.
The last economic update was in December 2024, which projected a $48.3 billion deficit for 2024-25, aiming to reduce it to $23 billion by 2029-30.
Carney's government has indicated it may not follow this path, after being elected on a promise to reduce reliance on the United States amid a trade war.
meet this moment
Author's summary: PM Mark Carney's first budget is expected to be bold, with significant costs.
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