‘It’s a new lens’: Champagne unveils new budget framework that splits operating from capital spending
The finance minister also committed to a new fiscal cycle, with a fall budget as the new timeline going forward, and spring economic and fiscal update.
Current fiscal outlook has not put us on a precipice yet, but a rush to balance the budget is not the answer
Canada faces enormous challenges and disruptive change in transitioning to an economy that can thrive in a world of sweeping change in technologies, markets and sustainability. Responding to these challenges has to be the focus of the next budget.
Senate changes language-study trip rules, cancels perk permitting spouses to claim classes
Senators also agreed to review the ‘co-ordinated travel’ policy to potentially bring in new rules after recent ‘familiarization’ tours to provinces during peak tourism season drew media attention.
Is PM Carney abandoning women, girls, and queer people in his austerity agenda?
With anticipated cuts to Women and Gender Equality Canada, advocates are concerned Prime Minister Mark Carney is turning his back on women and 2SLGBTQIA+ rights.
Budget watchdog calls government’s fiscal track ‘alarming,’ ‘stupefying,’ ‘unsustainable’
A new report projects the deficit will ‘increase sharply’ from $51.7-billion in 2024-25 to $68.5-billion in 2025-26, thanks to the combination of economic weakness, tax cuts, and planned spending.
The fall budget will be an early reckoning for the Carney government
The Carney government has much riding on the reaction to its fall budget. So, too, do Canadians as they wait to see what the future holds.
‘It’s not right’: interim PBO calls for legislative changes to avoid repeating the circumstances of his hiring
Jason Jacques says he found out he was shortlisted for the six-month interim job just three days before his boss’ term expired on Sept. 2.
New budget watchdog says ‘deficit will absolutely be higher’ than forecast, feds have no clear fiscal anchors
‘I don’t know that the government currently has fiscal anchors, which, of course, causes the people that I work with a considerable degree of concern at this point,’ says interim Parliamentary Budget Officer Jason Jacques.
Canada faces a budget reckoning as deficit pressure mounts
Delivering a true austerity budget would require scaling back departmental budgets to a degree almost certain to spark political blowback.
A bigger defence budget may increase Canada’s hollow force risk
To prevent this from happening, a force capacity review must accompany new defence budgets and funding streams.
