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.
53 Articles
53 Articles

The government could function without a budget, but will need a spending bill
OTTAWA — Finance Minister François-Philippe Champagne said Wednesday that when Parliament resumes, the government will put forward a middle-class tax cut, deliver a throne speech and release a fiscal plan in the fall economic update.
Taxpayers deserve a federal budget
By Franco Terrazzano The Canadian Taxpayers Federation is calling on the federal government to table a 2025 budget. “Failing to even present a budget is a huge crack in Prime Minister Mark Carney’s credibility,” said Franco Terrazzano, CTF Federal Director. “You can’t be credible with the finances if you can’t even bother to put together a budget.” The Canadian Press reported that the federal government “will not table a budget when Parliament r…
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 …
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