Ottawa will table its federal budget on Nov 5

Nov

Thursday

House of Commons, Ottawa

Finance Minister François-Philippe Champagne gave the date in question period on Tuesday. It will be the second budget under Prime Minister Mark Carney.

"This plan will unlock investment, create high-paying jobs across our nation, and strengthen our economy and our country for generations to come."

— François-Philippe Champagne, finance minister

Carney said last month the government is on track to balance its operating budget by 2027-28. The Parliamentary Budget Officer projects that target will be missed by a year.

Defence spending by 2030-31

95.7 billion $

The budget office expects defence spending to rise from $75 billion a year to $95.7 billion by 2030-31, as Canada aims for five per cent of GDP on defence by 2035.

Canada · 14 d ago

Ottawa will table its federal budget on Nov 5

Finance Minister François-Philippe Champagne gave the date in question period on Tuesday. It will be the second budget under Prime Minister Mark Carney.

"This plan will unlock investment, create high-paying jobs across our nation, and strengthen our economy and our country for generations to come."

Carney said last month the government is on track to balance its operating budget by 2027-28. The Parliamentary Budget Officer projects that target will be missed by a year.

The budget office expects defence spending to rise from $75 billion a year to $95.7 billion by 2030-31, as Canada aims for five per cent of GDP on defence by 2035.

Ottawa will table its federal budget on Nov 5

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