Carney Says to Expect Both an Austerity and Investment-Focused Budget, Criticizes Trudeau-Era Spending

NP View: Liberal 'austerity'? Don't make us laugh

Although Prime Minister Mark Carney has degrees from Harvard and Oxford and experience running two central banks, his fiscal plan doesn’t appear to be taking a page out of the book of famed economists like Milton Friedman or John Maynard Keynes, but is instead adopting strategies outlined in George Orwell’s dystopian novel, “Nineteen Eighty-Four.” On Wednesday, Carney told reporters that the upcoming fall budget will be “an austerity and investm…

Carney sharpens his knives in preparation for his budget

Prime Minister Mark Carney's government faces growing impatience over perceived inaction, but upcoming budget announcements and austerity measures will affirm decisive action, likely sparking negative reactions.

EDITORIAL: Carney’s budgetary sleight of hand

During the federal election, Prime Minister Mark Carney promised to “spend less on operations so we can invest more” into “nation-building projects”.

Carney says to expect both an austerity and investment-focused budget, criticizes Trudeau-era spending

Prime Minister set expectations for the spending plan, which the government plans to release in October

Carney Promises to Rein In Spending as Budget Consultations Wrap Up

Prime Minister Mark Carney said his government will be reining in spending in the upcoming federal budget, citing concerns with the growth of government spending relative to Canada’s economic growth. Carney told reporters ahead of a cabinet retreat on Sept. 3 that the federal government’s spending had been increasing by an average of 7 percent a year for more than a decade. “That’s twice the rate of growth of the economy on average. It’s not a s…