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Globe and Mail
7 days ago
- Business
- Globe and Mail
Liberals say they aren't bound by vote calling for budget or fiscal update before summer
The minority Liberal government says it is not bound by a House of Commons vote this week calling on it to release a budget or economic update before the summer recess. The House of Commons is currently debating a motion in response to the government's May 27 Throne Speech, which was read by King Charles III and outlined the re-elected Liberal government's policy priorities. On Monday evening, the opposition parties voted together to approve a Conservative amendment to the Liberal motion that called for a 'a firm commitment to present to Parliament an economic update or budget this spring, before the House adjourns for the summer.' The motion was approved in a 166-164 vote. Conservative MPs repeatedly called on the government Tuesday during Question Period to meet the timeline laid out in the motion. Andrew Coyne: The only thing worse than not having a budget is having one 'Last night, the House passed our Conservative motion calling on the Prime Minister to table a spring budget,' Conservative MP Kelly McCauley said. 'Will the Prime Minister respect the will of Parliament and table a budget immediately so Canadians and this Parliament can have the transparency we deserve?' Prime Minister Mark Carney acknowledged the vote result but did not commit to moving up the timing of the 2025 budget. 'We take note of last night's motion,' he said, before listing his government's plans to support health care, child care, dental care and affordability measures. Throughout his responses to questions about the motion, Mr. Carney repeatedly highlighted his Monday meeting with provincial and territorial premiers. The meeting focused on potential large infrastructure projects as well as eliminating barriers to trade and investment. 'Unlike the members opposite, we know how to grow this economy without spending money,' he said, drawing howls from the opposition benches. He then pointed to his efforts to remove restrictions on interprovincial trade. Opinion: A Throne Speech fit for a king. But where's the budget? Liberal Government House Leader Steven MacKinnon played down the implications of the vote earlier in the day. 'It was a non-binding advisory resolution of the House of Commons. I suspect you're going to see a lot more of them,' he told reporters on his way in to a cabinet meeting on Parliament Hill. Mr. MacKinnon said the main vote on the Throne Speech will take place Wednesday and is a confidence vote. He did not commit the government to bringing in a budget or update before summer. 'I think we'll take note of having been urged,' he said. Finance Minister François-Philippe Champagne originally said last month that the government would table an economic update in the fall, which suggested there would be no 2025 budget. However, Mr. Carney later said the government will release a full budget in the fall. Mr. Carney has said there wasn't enough time to release a budget in June given the late start of Parliament this year because of the federal election campaign. Federal budgets are typically released in February or March. Mr. Carney has also said the government faces important spending decisions in the near term related to potential support for large infrastructure projects and larger defence spending commitments at the NATO summit later this month. During Question Period, Mr. Champagne also said 'we take note of the vote yesterday,' but made no pledge to table a budget before the summer recess, which is scheduled to begin June 20. The House of Commons is set to resume sitting on Sept. 15.
Yahoo
18-05-2025
- Business
- Yahoo
Canada PM Carney says federal budget will come in the autumn
TORONTO (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 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. Carney said it would be too early to have a budget before the NATO summit in June, and before advanced discussions with the United States about their economic partnership. The government is also looking into areas where it can reduce costs and improve productivity of the public sector, he said. "Defense spending, the economic outlook, including the tariff relationship with the United States, and the (government) efficiency... all of those coming together, we will have a much more comprehensive, effective, ambitious, prudent budget in the fall," he said. Champagne, in a post on X late on Saturday, said 70% of tariffs put in place to retaliate against those from U.S. are still in place. The post came in response to opposition Conservative Party leader Pierre Poilievre saying Carney "quietly dropped retaliatory tariffs to 'nearly zero' without telling anyone." Carney was among many dignitaries attending the inaugural mass of newly elected Pope Leo on Sunday at the Vatican, where he also met with Ukrainian President Volodymyr Zelenskiy, Italian Prime Minister Giorgia Meloni and European Commission President Ursula von de Leyen ahead of the G7 summit in Canada in June. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
