The recently re-elected Liberal government isn’t planning to release a budget this year, opting instead for an economic statement later this fall. But experts warn that not providing a fiscal snapshot could erode economic confidence and delay the government’s agenda.
A federal budget is one of the most significant legislative pieces a government can put forward. It provides an update on the health of the nation’s coffers and outlines the government’s spending priorities.
Typically the budget is tabled in March or April and passed before the House rises in June. But a 2025 budget hasn’t been put forward yet since Parliament was prorogued in January and the election campaign began in March.
Finance Minister François-Philippe Champagne indicated Wednesday that the government isn’t planning on tabling a late spring budget, and will instead opt to release a “substantive” economic statement later this fall.
Champagne cited ongoing economic uncertainty — due in …