Canadian Prime Minister Mark Carney announced the 2025 federal budget will be presented in the autumn. This is due to comprehensive preparation and alignment with international events, including the NATO summit and economic discussions with the United States.
The budget includes a middle-class tax cut and a $9.3 billion allocation to meet NATO's defense spending target of 2% of GDP. The government aims to find savings through increased efficiency, targeting $6 billion in savings for 2026-27 and $13 billion annually by 2028-29.
Unions representing federal workers have expressed concerns about potential cuts to public service personnel and services. Discussions between federal officials and union representatives are ongoing to address these concerns.