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, with the potential to be costly.
The last federal budget update was in the fall economic statement of December 2024, which projected a $48.3 billion deficit for 2024-25, with a goal to reduce it to $23 billion by 2029-30.
Carney's government has indicated it may not follow the same path, as it aims to reduce reliance on the United States amid a trade war.
Carney has promised that his first budget will be bold, ambitious, and "meet this moment"
This budget will also serve as a confidence vote in the minority Liberal government.
Author's summary: PM Mark Carney's first budget expected to be bold and costly.
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