Key Points About PM Mark Carney's First Federal Budget
Prime Minister Mark Carney's first federal budget is expected to be bold and ambitious, addressing current challenges.
The budget will also serve as a confidence vote for the minority Liberal government.
- The last federal budget projection showed a $48.3 billion deficit for 2024-25.
- The previous government aimed to reduce the deficit to $23 billion by 2029-30.
- Carney's government may not follow the same path, focusing on reducing reliance on the United States amidst 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 to address Canada's challenges.