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.
29 Articles
29 Articles
Federal Government Won’t Table Budget This Year, Finance Minister Says
The Liberal government will not be tabling a budget after the House of Commons returns shortly, but will instead table a Fall Economic Statement, according to Finance Minister François-Philippe Champagne. “We’re going to be introducing ways and means motions as we enter back into Parliament, we’ll table legislation, then there’ll be a throne speech, and then we’ll present a fall Economic Statement,” Champagne told reporters in Parliament on May …

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.

Opposition slams Liberals for not tabling budget before summer
Opposition parties are criticizing Prime Minister Mark Carney after his government said it would not table a federal budget before the House of Commons rises this summer. Conservative Leader Pierre Poilievre and interim NDP leader Don Davies both say it's unacceptable that Carney will not produce a ...
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