Canada PM Carney says federal budget will come in the autumn
TORONTO, May 18 (Reuters) - Canadian Prime Minister Mark Carney said on Sunday the federal government will present a budget in the autumn, days after the finance minister had said the new Liberal government will have an economic update later in the year.
Carney's announcement after he attended Pope Leo XIV's inauguration at the Vatican came days after Finance Minister Francois-Philippe Champagne said the new Liberal government will table an economic update later in the year, implying it will not present an annual budget in the near term.
"There is not much value in trying to rush through a budget in a very narrow window - three weeks - with a new cabinet," Carney said at a press conference in Rome.
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Did ChatGPT get the spending review right? Treasury minister gives his verdict
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