Overview

• Prime Minister Mark Carney announced that the federal budget will be tabled in the fall, replacing the usual spring timeline.
• An economic statement, typically less detailed than a full budget, will be presented later this year as an interim measure.
• Carney defended the decision, stating that rushing a budget within the three-week window after forming a new cabinet would be counterproductive.
• The Prime Minister pledged greater clarity in the coming months on defense spending, economic projections, and government efficiency reforms.
• Opposition parties criticized the government for its lack of immediate fiscal plans, with the announcement coinciding with Carney's visit to the Vatican.