Last time government didn’t table a budget was during the onset of the pandemic in 2020 Finance Minister François-Philippe Champagne says the Liberal government has a number of priorities to tackle before the House of Commons is scheduled to rise in June — but tabling a budget isn’t one of them. Prime Minister Mark Carney’s cabinet met for the first time on Wednesday ahead of the House returning later this month. Carney’s government is staring down a number of significant challenges in the wake of last month’s election, including the ongoing U.S. trade war. The prime minister has also committed to implementing a number of key campaign promises by the summer. Champagne told reporters after Wednesday’s cabinet meeting that his Number 1 priority is to pass legislation to implement a promised tax cut, which Carney has said will be in place by Canada Day. But the finance minister said the government won’t be outlining its overall fiscal plan until later this year. ”Canadians have seen the priorities we have outlined during the campaign. Priorities are not going to be different,” Champagne told reporters on Parliament Hill.
Champagne said the government is taking a “step-by-step” approach by ensuring the promised tax cut and throne speech are dealt with before the House rises for the summer. The finance minister said the government will outline its fiscal spending in a fall economic statement — a sort of mini-budget the government typically provides each year.
Source: cbc.ca/news
