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Home World Canada

Carney says to expect 'austerity and investment' in upcoming fall budget

3 September 2025
in Canada
Carney says to expect 'austerity and investment' in upcoming fall budget
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Prime Minister Mark Carney, addressing reporters in Toronto, announced that his upcoming budget will incorporate austerity measures alongside investments, emphasizing the need for disciplined spending to balance economic growth. He also revealed plans for a 15% spending cut across federal departments, while assuring that essential sectors like health care and education would remain protected, amid ongoing discussions with U.S. President Donald Trump on trade issues.

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Tags: 039austeritybudgetCarneyExpectfallinvestment039upcoming
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