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Canada to present its main federal budget in autumn from this year on, says government

The Liberal government aims to improve fiscal transparency and planning by shifting budget delivery to fall and separating operating from capital spending, with a $70 billion deficit forecast.

  • On Oct. 6, 2025, Finance Minister Francois-Philippe Champagne said the Liberal government will modernize the budget cycle by releasing key fiscal documents later, starting with the Nov. 4 budget.
  • Following an April election and trade tensions, government officials said the change aims to increase transparency and give departments, businesses and investors greater predictability.
  • Under the new capital budgeting framework, Finance Canada said splitting operating spending from capital investments will comply with public sector accounting standards while augmenting traditional metrics.
  • The change will help builders plan and organizations that rely on federal funding before the spring construction season, while releasing the budget early lets MPs oversee planned spending before main estimates due March 1.
  • Looking ahead, the parliamentary budget officer predicts the deficit may rise to nearly 2 billion dollars, as Champagne said the government aims to enable 'generational investments.
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The Record broke the news in Waterloo, Canada on Monday, October 6, 2025.
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