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, meeting the current moment, but potentially at a high cost.
The last update on Ottawa's finances was in the fall economic statement of December 2024, which projected a $48.3 billion deficit for 2024-25, aiming to reduce it to $23 billion by 2029-30.
Carney's government, which promised to reduce reliance on the United States amidst a trade war, may not follow the previously outlined path to deficit reduction.
Carney has promised that his first budget will be bold, ambitious, and “meet this moment”
- Projected deficit for 2024-25: $48.3 billion
- Projected deficit by 2029-30: $23 billion
Author's summary: PM Mark Carney's first budget expected to be bold.
More News
- Voaden on warpath to open Totnes banking hub
- Live election day coverage for Nov. 4. – The Maine Campus
- Pyjama Day raises over £420 for Totnes charity
- Red Kettle Ringer Alert: Bell County Needs Volunteers to Raise Crucial $125K
- Jonathan Bailey Didn't Just Win the Sexiest Man Alive Title, He Made History
- Pyjama Day raises over £420 for Totnes charity
- Jonathan Bailey is People's Sexiest Man Alive 2025... but is he the next Batman?!
- Watch: Hugh Jackman, Kate Hudson form Neil Diamond tribute band in 'Song Sung Blue' - UPI.com
- 18 celebrities who lost everything (and bounced back) - MediaFeed
- Jonathan Bailey is People's Sexiest Man Alive 2025... but is he the next Batman?!