Liberal Fall Economic Statement Replaces 2025 Budget Filing
Wednesday, May 14, 2025, 2:21 pm
The government has ditched the traditional 2025 budget in favor of a detailed fall economic update. Officials are pivoting from comprehensive fiscal planning to a more piecemeal approach, sparking debates as critics wonder whether this is an innovative strategy or a subtle tactic to dodge tough questions.
Finance Minister Francois-Philippe Champagne says the Liberal government plans to fast track its middle class tax cut, but won't have a regular spring budget. Canadian Press reporter David Baxter reports on the first Liberal cabinet meeting since the federal election. (May 14, 2025)
Finance Minister François-Philippe Champagne said the government's first priority will be to pass what the Liberals are calling a "middle-class tax cut" by July 1.
In December, a House committee tabled a 330-page report on the fruit of its 2025 budget consultations
OTTAWA - Finance Minister François-Philippe Champagne says the Liberal government will not table a budget when Parliament returns in the coming weeks but will instead put forward a fall economic statement.
permalink / 4 stories from sources in 9 days ago #federal #finance #budget #liberals
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