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 significant costs.
The last economic update was provided 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 came into office amidst a trade war with the United States, has indicated it may not follow the previously suggested path of reducing the deficit.
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 first budget is expected to be bold and costly.
More News
- Live election day coverage for Nov. 4. – The Maine Campus
- Voaden on warpath to open Totnes banking hub
- Red Kettle Ringer Alert: Bell County Needs Volunteers to Raise Crucial $125K
- Electric Startup Beta Technologies Raises $1B In Upsized IPO | Aviation Week Network
- Introducing AI at Work: From vision to value - monday.com and Nielsen release study findings | Nielsen
- Gov’t inks contract for Long Look social home
- 2025: Organisational barriers and enablers to infant abuse prevention programme ICON | Centre for Academic Primary Care | University of Bristol
- WWE 'Raw': Logan Paul, The Vision attack CM Punk, Jey Uso - UPI.com
- Providers must join official register to offer new ‘apprenticeship units’
- Jonathan Bailey Didn't Just Win the Sexiest Man Alive Title, He Made History