US Edition‘A Very Surprising Number’: Federal Government Aims to Find $25B in Savings over Three Years
CANADA, JUL 8 – The federal government targets $25 billion savings with phased 15% budget cuts over three years, risking thousands of public service jobs, according to union and government sources.
- On Wednesday, Prime Minister Mark Carney announced phased federal spending cuts totaling 15% over three years, aiming for $25 billion in savings.
- Driven by long-term fiscal commitments, the government continues the Refocusing Government Spending initiative halted by prorogation and seeks to create a pool of savings for reallocation.
- PSAC National President Sharon DeSousa warns that public service cuts threaten service quality and livelihoods, calling for government-worker collaboration amid union concerns over job losses and service impacts.
- Departments must submit spending plans by August 28, with a new 'red tape review' launching and ministers given 60 days to report progress, as the government plans to implement significant cuts.
25 Articles
25 Articles
Carney government should apply lessons from 1990s in spending review
From the Fraser Institute By Jake Fuss and Grady Munro For the summer leading up to the 2025 fall budget, the Carney government has launched a federal spending review aimed at finding savings that will help pay for recent major policy announcements. While this appears to be a step in the right direction, lessons from the past suggest the government must be more ambitious in its review to overcome the fiscal challenges facing Canada. In two lette…
Carney's plan to cut tens of billions in spending is tough but doable, experts say
The federal government has started its comprehensive review of government spending, but what will it mean for Canada's public service, what balance will it have to strike and can the Liberals really cut so much?
Mark Carney Is Hacking Away at Canada’s Public Sector
Just over 100 days into his term, Canadian prime minister Mark Carney is taking aim at the size of the state while ramping up military spending. He’s launched a whole-of-government review, pushing deep cuts, deregulation, and a $9 billion boost to defense.
Employment and Social Development Canada forecasts thousands of job losses ahead of Carney's spending review
ESDC is projecting 6,700 job cuts over the next three years. Those numbers were published before Finance Minister François-Philippe Champagne tasked departments with finding 15 per cent in program savings.
Mark Carney's Liberal government is calling on federal departments to cut spending by 15% by 2028-2029.
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Bias Distribution
- 53% of the sources lean Left
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