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Carney’s first budget expected to include ‘substantial’ deficit

CBC News · Just In
CBC News
CBC News
Just In

On the first day of a new sitting of Parliament, Prime Minister Mark Carney faced questions about how the fall budget will cover the cost of recent government spending, which has created a ‘substantial’ deficit.

Breakdown
  • Prime Minister Carney has committed billions in new spending for housing, defense, and tariff relief.
  • The upcoming budget is expected to feature a substantial deficit, larger than last year's $62 billion. 33s
  • Ministers have been asked to find savings, but specific cuts have not been detailed. 1m 7s
  • There is uncertainty about the budget's release date, with possible delays being discussed. 1m 44s
  • The government is looking to collaborate with other parties to pass key legislation. 3m 3s
PoliticsFinanceEconomy