Tuesday, December 17, 2024

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Tuesday, December 17, 2024 | Latest Paper

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Liberals present ballooning federal deficit of $61.9-billion in latest fiscal update

The mini-budget blew past former finance minister Chrystia Freeland’s April promise to keep to a $40-billion deficit target. Freeland exited cabinet the same day she was set to present the document.

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BY IAN CAMPBELL
December 16, 2024

News | BY IAN CAMPBELL | December 16, 2024

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Liberals present ballooning federal deficit of $61.9-billion in latest fiscal update

NewsBY IAN CAMPBELL

Freeland rocks political Ottawa, quits cabinet same day she was set to deliver economic update, sends Trudeau government into crisis

NewsBY SAMANTHA WRIGHT ALLEN

PMO considers reviving Canada-U.S. relations war room, says a senior government source

NewsBY ABBAS RANA

‘The whole Trump thing has caused a rethink on everything’: long-awaited cabinet shuffle could happen as early as this week, say Liberal sources

NewsBY ABBAS RANA

Trump’s threats have Canadians worried, but do little to change domestic political views: polls

NewsBY STEPHEN JEFFERY

Liberals hear health, budget, environment concerns from July to October, with Conservatives targeted for finance, transport

NewsBY JESSE CNOCKAERT

Federal carbon tax is 'devastating' to Western Canadian food producers, said the Saskatchewan Association of Rural Municipalities' president.

Liberals hear health, budget, environment concerns from July to October, with Conservatives targeted for finance, transport

NewsBY JESSE CNOCKAERT

Federal carbon tax is 'devastating' to Western Canadian food producers, said the Saskatchewan Association of Rural Municipalities' president.

‘They need more local resources’: greater co-ordination needed in wildfire response, Senate committee hears

Closing housing gap ‘not going to happen’ by 2030, but steps being taken in right direction, says Canadian Home Builders’ Association CEO

‘Enough is enough’: Black federal civil servants, unions accuse Liberals of ‘wasting’ time on tackling anti-Black racism

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Rising public debt costs form large share of feds’ latest $12.7-billion spending plan

NewsBY IAN CAMPBELL

Liberals continue ‘big budget’ spending trend, increasing capital gains tax to maintain deficit

NewsBY CHELSEA NASH

Defence over diplomacy spotlighted in Liberal budget, with modest initial spending on foreign service reform

NewsBY NEIL MOSS

Responsible governments don’t present late budgets

OpinionBY WILLIAM ROBSON, NICHOLAS DAHIR

Main estimates asks jump 3.8 per cent to reach $449.2-billion in budgetary spending

NewsBY LAURA RYCKEWAERT

Rising public debt costs form large share of feds’ latest $12.7-billion spending plan

NewsBY IAN CAMPBELL

Total released spending plans now sit at $461.8-billion, or 90 per cent of the amount outlined in the April budget for 2024-25. That percentage is on pace with the last two years by this time, but both years the Liberals surpassed their budget plans by billions of dollars.

Rising public debt costs form large share of feds’ latest $12.7-billion spending plan

NewsBY IAN CAMPBELL

Total released spending plans now sit at $461.8-billion, or 90 per cent of the amount outlined in the April budget for 2024-25. That percentage is on pace with the last two years by this time, but both years the Liberals surpassed their budget plans by billions of dollars.

Liberals continue ‘big budget’ spending trend, increasing capital gains tax to maintain deficit

NewsBY CHELSEA NASH

The government could be overestimating its projected new revenues from tax policy changes, says one finance expert.

Liberals continue ‘big budget’ spending trend, increasing capital gains tax to maintain deficit

NewsBY CHELSEA NASH

The government could be overestimating its projected new revenues from tax policy changes, says one finance expert.

Defence over diplomacy spotlighted in Liberal budget, with modest initial spending on foreign service reform

NewsBY NEIL MOSS

The government’s spending plan will add $664.4-million exclusively to GAC, while billions more have been allocated for the Canadian Forces over the next 20 years.

Defence over diplomacy spotlighted in Liberal budget, with modest initial spending on foreign service reform

NewsBY NEIL MOSS

The government’s spending plan will add $664.4-million exclusively to GAC, while billions more have been allocated for the Canadian Forces over the next 20 years.

Responsible governments don’t present late budgets

OpinionBY WILLIAM ROBSON, NICHOLAS DAHIR

We should not be used to governments treating Parliament like an afterthought, in financial management or anything else.

Responsible governments don’t present late budgets

OpinionBY WILLIAM ROBSON, NICHOLAS DAHIR

We should not be used to governments treating Parliament like an afterthought, in financial management or anything else.

Main estimates asks jump 3.8 per cent to reach $449.2-billion in budgetary spending

NewsBY LAURA RYCKEWAERT

Comparing the 2023-24 and 2024-25 main estimates, The Hill Times identified 30 departments and agencies for which spending authorizations will change by $100-million or more.

Main estimates asks jump 3.8 per cent to reach $449.2-billion in budgetary spending

NewsBY LAURA RYCKEWAERT

Comparing the 2023-24 and 2024-25 main estimates, The Hill Times identified 30 departments and agencies for which spending authorizations will change by $100-million or more.