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What the 2025 federal budget means for Canadians
This year’s federal budget contains a deficit nearly twice the size forecast by the Liberals a year ago, as Prime Minister Mark Carney’s government prioritizes capital project spending over programs and services.
The budget tabled Tuesday projects a $78.3-billion total deficit — the amount of money spent by the government beyond its revenues — for this fiscal year. The figure would steadily decrease to $56.6-billion by 2029-30.
WATCH MORE: Champagne’s first budget targets public service jobs, Trudeau-era programs for cuts
