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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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Sask TodaySask Today
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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.

CTV NewsCTV News
+13 Reposted by 13 other sources
Center

Opposition slams Liberals for having no plans to table budget soon

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.

·Canada
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  • 48% of the sources lean Left
48% Left
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The Globe & Mail broke the news in Canada on Wednesday, May 14, 2025.
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