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Canada’s Federal Budget Set for Fall Release, Says PM Carney
Prime Minister Mark Carney has announced that the Liberal government will table the federal budget this fall, opting for a more comprehensive approach rather than rushing a spring release. Speaking at a media conference in Rome, Carney emphasized that the delay would allow for a more ambitious and prudent financial plan.
The decision comes amid criticism from opposition parties, who argue that the delay leaves Canadians uncertain about the country’s fiscal direction. Finance Minister François-Philippe Champagne previously stated that instead of a spring budget, the government would present a substantive fall economic statement, which functions as a mini-budget.
Carney defended the move, citing the need for clarity on key economic issues, including defense spending and interprovincial trade barriers. He also highlighted the government’s immediate focus on passing a middle-class tax cut before Parliament adjourns for the summer.
With nearly 400 days since the last federal budget, the fall release is expected to provide a detailed fiscal outlook and address pressing economic concerns. Canadians will be watching closely to see how the government navigates financial challenges in the months ahead.
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