"After weeks of federal government spending announcements leading up to budget day, the biggest unknown remains how large the deficit will be and where and how deep the expected cuts will land. Prime Minister Mark Carney and his finance minister, Francois-Philippe Champagne, have repeatedly characterized Tuesday's budget as a generational one. In this time of ruptured global economics and geopolitical uncertainty, the've said Canada has to spend less to invest more."
"They have spoken of tough choices and sacrifices that will have to be made, laying the groundwork to brace Canadians for what could be some dramatic numbers. This is a unique budget because the circumstances necessitate we make some decisions that were not pressing before, the way they are now, said a senior government official, who was not authorized to speak publicly about the budget."
"A recent prime-time speech by Carney framing the budget as one that will empower and protect Canadians while building the country from within has created high expectations. We're looking for a serious budget at a serious time, said Theo Argitis, senior vice-president for policy at the Business Council of Canada. We don't have a shortage of ideas. We have a shortage of political courage in this country."
After weeks of federal spending announcements, the largest unknown remains the deficit size and where and how deep the expected cuts will land. The budget is being characterized as generational and presented as requiring spending less to invest more amid ruptured global economics and geopolitical uncertainty. Tough choices and sacrifices are anticipated, necessitating decisions that were not previously pressing. Longstanding international partnerships are fracturing, increasing the emphasis on building domestic capacity. The budget rhetoric aims to empower and protect citizens while strengthening internal industry. Evaluation of the budget's seriousness will depend on concrete trade-offs, prioritization, and political willingness to accept difficult measures.
Read at www.cbc.ca
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