Key Points About PM Mark Carney's First Federal Budget
Prime Minister Mark Carney's first federal budget is expected to be bold and ambitious, addressing current challenges.
The budget will also serve as a confidence vote in the minority Liberal government.
- The previous fiscal projection showed a $48.3 billion deficit for 2024-25.
- The goal was to reduce the deficit to about $23 billion by the end of the 2029-30 fiscal year.
Carney's government has promised to "meet this moment" with its budget, which may not follow the previously suggested path of deficit reduction.
Carney's government aims to reduce reliance on Canada's neighbors, particularly amid a trade war with the United States.
Author's summary: PM Mark Carney's first budget promises bold action.
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