On November, the Liberal government says it will present the long-awaited federal budget. 4.
Finance Minister François-Philippe Champagne spoke in the House of Commons on Tuesday and made the announcement during question period.
“We’re going to present a great budget in this House on the fourth of November, Mr. Speaker. This is going to be a generational investment in our future. We’re going to build this country, Mr. Speaker, we are going to empower Canadians and protect our communities, Champagne stated in the House of Commons on Tuesday. “We’re going to build the strongest economy in the G7. This nation will be built like never before. Mr., we are going to construct the 21st-century Canada. Speaker, we are the true north, strong and free.” The Carney government initially indicated that the deadline, which was set for next month, would be slightly later. While federal budgets are typically tabled in the spring to match the federal government’s fiscal year ending, Prime Minister Mark Carney delayed tabling a budget following the federal election in April.
The specifics of what the budget could contain are not yet clear, but federal leaders, including the prime minister have suggested it will contain a large swath of spending plans that the government says will make Canada’s economy stronger in the long-term, but will add to the deficit in the short-term.“ We have to make significant investments to protect our workers, protect our industry, and now it’s going to be that collective effort we need to make to make sure that Canada is going to resilient in this new world economic order,” Champagne told reporters after question period, citing the ongoing trade war with the United States.“ We’re in the middle of a global trade war. We must ensure that we make smart investments, and one way to do so is to declare that we will be strict with our expenses in order to be ambitious with our investments. As a result, you want to cut costs so you can invest more money. Champagne added that the government will inform Canadians about any potential budget cuts by being “as transparent as we can be.” “Canadians have been tightening their belt for quite some time. It’s only normal that the federal government does the same,” he said.“ This is being more efficient, using technology, reviewing processes, making sure that … we offer services of the 21st century with technology of the 21st century.”
Carney has previously mentioned the need for the budget to spend taxpayers’ money “carefully,” which means cutting the operational budget and investing in long-term economic projects. “The federal government has been growing spending, as a whole, at over seven per cent a year on average for over a decade,” Carney said to reporters at an event in Toronto earlier in September.
“The government needs to spend precious taxpayers’ dollars as carefully as possible.”
Liberals will table federal budget Nov. 4, minister says
