The absence of a federal budget – while Quebec must comply with a balanced budget law – underscores the importance of returning to fiscal consistency (Policy Option)
IMAGE CREDIT: RBC The federal government elected at the end of April 2025 decided not to table a budget this spring. Even in uncertain times, presenting a budget should not be optional. At the very least, an economic update in June would have provided a snapshot of public finances and the financial impact of recent decisions. Instead, we’ll have to wait until fall for a full picture of the federal books. In the meantime, we’re left with numbers from the December 2024 economic statement. But a lot has changed since then: revenues are falling, spending is climbing, and the deficit is almost certainly worse than what the Liberal Party of Canada (LPC) projected in its campaign platform ... CLICK HERE for the full story