Key Points About PM Mark Carney's First Federal Budget
The first federal budget presented by Prime Minister Mark Carney is expected to be bold and ambitious, with significant potential costs.
The previous economic statement in December 2024 projected a $48.3 billion deficit for 2024-25, aiming to reduce it to $23 billion by 2029-30.
Carney's government, focused on reducing reliance on the United States amid a trade war, may not follow the previously outlined path.
Carney has promised that his first budget will be bold, ambitious, and “meet this moment”
This budget also serves 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.
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