PM Mark Carney's First Federal Budget
The upcoming budget will be a confidence vote in the minority Liberal government. Prime Minister Mark Carney has described it as "bold, ambitious, and meeting this moment", with potentially significant costs.
The last budget update was in the fall economic statement of December 2024, which projected a $48.3 billion deficit for 2024-25, reducing to $23 billion by 2029-30.
Carney's government aims to reduce reliance on the US, amid a trade war, and may not follow the previously suggested path.
Carney's budget will be "bold, ambitious, and meet this moment"
Author's summary: PM Mark Carney's first budget will be a bold move.
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