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Canada finance minister indicates he won't deliver full budget

  • On May 14, 2025, Finance Minister François-Philippe Champagne announced that the Liberal government does not plan to present a federal budget before the summer in Ottawa.
  • This decision follows the 2025 federal election in April and echoes 2020 when the government also skipped a budget amid major challenges like the pandemic.
  • Instead of a spring budget, the government plans to introduce a ways-and-means motion for a promised "middle-class tax cut" and will release a fall economic statement as a mini-budget.
  • The "middle-class tax cut" will reduce the lowest income tax bracket by one percentage point and aims to pass by July 1, with Carney's cabinet directing swift action.
  • This approach signals a step-by-step fiscal strategy amid economic pressures, focusing first on tax relief before unveiling broader spending plans later in the year.
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Bradford TodayBradford Today
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Opposition slams Liberals for having no plans to table budget soon

OTTAWA — Opposition parties attacked Prime Minister Mark Carney Wednesday for being vague about his plans after his government said it would not table a federal budget before the House of Commons rises for the summer.

·Bradford West Gwillimbury, Canada
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  • 42% of the sources lean Left
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The Globe & Mail broke the news in Canada on Wednesday, May 14, 2025.
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