Key Points About PM Mark Carney's First Federal Budget
Prime Minister Mark Carney has stated that his first budget will be "bold, ambitious, and meet this moment", potentially at a significant cost.
The previous look at 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 $23 billion by 2029-30.
Carney's government, which campaigned on reducing reliance on the United States amidst a trade war, may not follow a similar fiscal path.
Carney's 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 first budget promises to be bold and ambitious.
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