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Champagne set for finance committee appearance as fall budget looms

On Oct. 6, 2025, Finance Minister François-Philippe Champagne is set to appear before the House of Commons finance committee, where MPs will press him after he was summoned last month to explain the budget cycle.
Interim Parliamentary Budget Officer Jason Jacques raised alarm about this year's deficit nearing $70 billion and warned the fiscal path is "unsustainable" as the federal government shifts to fall budgets.
Champagne released an outline Monday proposing changes to how the government's budget presentation shows operational spending versus capital spending, but omitted new deficit projections.
Champagne billed the plan as a `generational investment`, with Carney vowing to balance operating books in three years while defence and infrastructure capital spending rises.
On Nov. 4, the government will table its fiscal update under Prime Minister Mark Carney, presenting the budget balance in the traditional format with withheld projections released then.

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Fall federal budgets to become the norm, Champagne announces

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Champagne set for finance committee appearance as fall budget looms (Canada)

MPs will be pressing for details about Canada's fiscal position today as Finance Minister François-Philippe Champagne is set to appear at a parliamentary committee. Champagne was summoned last month to make an appearance at the House of Commons finance committee to answer questions about the ...

7 hours ago·Kelowna, Canada

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