US EditionBudget 2025: Key numbers from the Liberals’ latest spending plan
- Published Nov. 4, 2025, the Liberal government's budget shows a $78.3 billion deficit and $20.1 billion in net new spending for 2025-26.
- As part of broader priorities the government commits $89.7 billion in net new items over five years, including $73 billion for defence, $5 billion for a trade corridor, and $1 billion for Arctic infrastructure.
- The budget sets aside $73 billion for defence, including $30 billion for capital investments, cuts $2.7 billion in foreign aid, and plans to reduce student visas to 155,000 for 2026.
- The government needs three opposition votes or abstentions to pass the budget amid federal debt at 42.4 percent of GDP for 2025-26, creating fiscal pressure and political negotiation challenges.
- Looking at the multi-year effects the budget projects $89.7 billion in new items and $51.2 billion in savings, with $73 billion for defence and $2.7 billion in foreign aid cuts.
20 Articles
20 Articles
Budget 2025 continues to balloon spending and debt
By Franco Terrazzano The Canadian Taxpayers Federation is criticizing Prime Minister Mark Carney for ballooning spending and debt in Budget 2025. “Budget 2025 shows the debt continues to spiral out of control because spending continues to spiral out of control,” said Franco Terrazzano, CTF Federal Director. “Carney needs to reverse course to get debt and spending under control because every dollar Canadians pay in federal sales tax is already go…
Budget 2025: Key numbers from the Liberals’ latest spending plan
OTTAWA — Here’s a brief look at the key numbers in the Liberal government’s 2025 budget: $20.1 billion: Total net new government spending for the 2025-26 fiscal year. $89.7 billion: Total of net new budget spending items over five-year timeline of budget plan, including a projected $51.2 billion in cost savings. $78.3 billion: The total […]
Collingwood Today
Budget 2024: Key numbers from the Liberals’ latest spending plan
OTTAWA — Here's a brief look at the key numbers in the Liberal government's 2025 budget: $20.1 billion: Total net new government spending for the 2025-26 fiscal year. $89.
In the face of the US President Donald Trump's tariff war, the Carney government comes out of heavy artillery: it intends to reduce the size of the state, increase military spending, invest in housing construction, roll out the red carpet to investors and press the accelerator to carry out major projects of national interest.
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