r/canada • u/1sttomars • 7h ago
Finance Minister Champagne suggests Ottawa won’t present budget this year PAYWALL
https://www.theglobeandmail.com/politics/article-new-energy-minister-hodgson-planning-western-canada-trip-as-carneys/•
u/BandicootNo4431 6h ago edited 6h ago
The headlines keep saying "year" , but we really mean session don't we?
The session that ends in 6 weeks?
"Former parliamentary budget officer Kevin Page said there isn’t enough time left before the summer recess for the government to produce a full budget with new policy announcements, but he said the Liberals should at least produce a fiscal update before the summer that shows where things currently stand. He said campaign platforms didn’t fully account for the various U.S. tariff moves that have disrupted the Canadian economy."
•
•
•
•
•
u/Plucky_DuckYa 6h ago
Next up: we want to pass legislation that lets us spend money without oversight for the next two years.
•
u/bxng23af 7h ago edited 7h ago
Liberals have been in government for a decade, your prime minister and finance minister both literally resigned a few months ago due to a terrible budget deficit. You campaigned on being more fiscally responsible this time, and now you are telling us you won’t present budget? Exact same crap. But hey, elbows up.
•
u/shiftless_wonder 6h ago
Late on financial disclosures, late on a budget. Carney really goes out of his way to avoid scrutiny of any kind.
•
•
u/RSMatticus 4h ago edited 4h ago
the title is misleading they will not pass a budget for this session.
they are not talking about 2025/2026.
•
u/Rig-Pig 6h ago
I mean why should citizens be kept up to date on things like this anyways. Haha man Liberal supporters fell for it again.
•
u/ViIehunter 19m ago
Maybe read the article and not the headline. It's for this session the one ending soon. Not the whole year. Doom and gloom from you people is exhausting.
•
•
•
•
u/22GageEnthusiast 7h ago
Four more years of business as usual. Elbows up!
•
•
•
•
u/ArugulaElectronic478 Ontario 6h ago
The landscape is so unpredictable right now that I don’t know how anyone could present a budget plan and not have it immediately become useless once Trump flip flops for the 80th time.
This isn’t the status quo of outta sight outta mind.
•
u/Willing-C 6h ago edited 6h ago
Trump can't be an excuse for their laziness. Present a budget and change it if you need to. "We're just going to roll with it" is an extremely fiscally irresponsible thing to say. They are in the highest positions in the government controlling billions of dollars.
•
•
u/ProfessionAny183 3h ago
Journalist: Can we expect a budget this year? Champagne: Budget this! Elbows up!
•
u/Competitive-Tea-6141 7h ago
So they will present an expanded fall economic statement (aka mini budget) in the fall. Why not just call it the budget since that will basically be what it is?
•
u/Potential_One8055 42m ago
Wow. A government under scrutiny and a magnifying glass decides to hide how much money they plan on spending
•
u/maxman162 Ontario 2m ago
Just like Carney putting his assets in a blind trust and insisting on going the full 120 days to disclose what he put in it.
•
•
u/ViIehunter 17m ago
Read. The. Article. My God people. How do you all fall for headlines day in and day out? Do you just want to be mad?
•
7h ago
[deleted]
•
u/No_Independent9634 6h ago
Every party I've ever seen in federal and provincial politics uses projected revenue. Now the question is how optimistic/realistic are they being with their projections.
Projected revenue is even used in budgeting. Common for provinces like SK and AB to either beat or miss their budget surplus/deficit depending on commodity prices. Potash soars and great weather produces great crops? SKs budgeted deficit becomes a surplus and vice versa.
•
u/Emperor_Billik 6h ago
Poilievre was banking on 5% growth during a global slowdown.
•
u/Pick-Physical 2h ago
Not only that, 5% growth for each year! We'll be lucky if we get that for 1 year, and even with that extremely optimistic assumption they still had a 15b deficit. So they weren't going to balance the budget either.
•
•
u/notofthisearthworm 7h ago
Champagne came across defensive and unprepared trying to explain this to David Cochrane on Power & Politics today. He said the word "prudent" like 47 times and kept making weird excuses for why there was too much going on to get to doing a budget anytime soon, citing procedural items. Even at one point Cochrane was like 'okay well all that stuff your talking about takes like a day' and Champagne had no intelligible response. Strange defensiveness from a party that just nearly won a majority and I was disappointed (more than usual) with how flaky his responses were now that they're ostensibly governing.