US EditionBudget 2025 by the numbers: Key figures in Liberals’ spending plan
The 2025 budget includes $20.1 billion in new spending and plans to cut up to 40,000 public service jobs while investing in AI, infrastructure, and veterans' services.
- Finance Minister François-Philippe Champagne introduced the 2025 federal budget, the first under Prime Minister Mark Carney, framing it as offering generational investments with billions in new spending.
- Facing rising liabilities, the budget warns Indigenous claims and litigation settlements ballooned over the past decade and the Carney government freezes annual base funding, cutting two per cent for Indigenous Services.
- The budget allots $89.7 billion including $73 billion defence package with $30 billion for capital investments, plus $334.3 million for quantum ecosystem and $5 billion trade corridor.
- The government faces opposition as most government departments must find 15 per cent cuts, with plans to eliminate up to 40,000 public service workers and no guarantee the budget will pass under Prime Minister Mark Carney's minority government.
- Among notable policy shifts, the budget directs $184.9 million over four years to Veterans Affairs Canada, lowers medical cannabis reimbursement to $6.00 per gram, and ends the luxury tax on planes and boats.
29 Articles
29 Articles
Budget 2025 continues to balloon spending and debt
By Franco Terrazzano The Canadian Taxpayers Federation is criticizing Prime Minister Mark Carney for ballooning spending and debt in Budget 2025. “Budget 2025 shows the debt continues to spiral out of control because spending continues to spiral out of control,” said Franco Terrazzano, CTF Federal Director. “Carney needs to reverse course to get debt and spending under control because every dollar Canadians pay in federal sales tax is already go…
Budget 2025: Key numbers from the Liberals’ latest spending plan
OTTAWA — Here’s a brief look at the key numbers in the Liberal government’s 2025 budget: $20.1 billion: Total net new government spending for the 2025-26 fiscal year. $89.7 billion: Total of net new budget spending items over five-year timeline of budget plan, including a projected $51.2 billion in cost savings. $78.3 billion: The total […]
SooToday.com
Sudbury StarBudget 2024: Key numbers from the Liberals’ latest spending plan
OTTAWA — Here's a brief look at the key numbers in the Liberal government's 2025 budget: $20.1 billion: Total net new government spending for the 2025-26 fiscal year. $89.
In the face of the US President Donald Trump's tariff war, the Carney government comes out of heavy artillery: it intends to reduce the size of the state, increase military spending, invest in housing construction, roll out the red carpet to investors and press the accelerator to carry out major projects of national interest.
Winnipeg Free Press
Some key highlights from the Liberal government’s 2025 federal budget
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