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, addressing current challenges.
The budget also serves as a confidence vote for the minority Liberal government.
- The last economic update was in December 2024, projecting a $48.3 billion deficit for 2024-25.
- The previous plan aimed to reduce the deficit to about $23 billion by the end of the 2029-30 fiscal year.
- Carney's government may not follow this path, focusing on reducing reliance on the United States amid a trade war.
Carney has promised that his first budget will be bold, ambitious, and “meet this moment”
Author's summary: PM Mark Carney's budget aims to address current challenges boldly.
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