Key Points About PM Mark Carney's First Federal Budget
PM Mark Carney's first federal budget is expected to be bold and ambitious, potentially coming with a high cost.
The last update on Ottawa's finances was in the December 2024 fall economic statement, which projected a $48.3 billion deficit for 2024-25.
Carney's government has indicated it may not follow the previously suggested path of reducing the deficit to $23 billion by 2029-30.
Carney has promised that his first budget will "meet this moment"
This budget will also serve as a confidence vote in the minority Liberal government.
Author's summary: Carney's budget to be bold and costly.