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, potentially costing a significant amount.
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.
Carney's government has suggested it may not follow the previously planned path of reducing the deficit to about $23 billion by the end of the 2029-30 fiscal year.
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: PM Mark Carney's first budget promises to be bold and ambitious.
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