US Edition
Carney’s budget bill becomes law after passing final Senate hurdle
The budget enacts a $78.3 billion deficit with a new fiscal framework to borrow only for capital investments while cutting program expenses, the government said.
- On Thursday, Bill C-15 received royal assent after the Senate's final sign-off, making Prime Minister Mark Carney's budget implementation act law for the minority Liberal government.
- These measures, originally tabled on Parliament Hill on November 4, 2025, by Carney and Minister of Finance and National Revenue Francois-Philippe Champagne, formalize a $78.3 billion deficit for the current fiscal year.
- The House passed the legislation in February on a recorded division, indicating members of Parliament approved the act but did not offer unanimous support.
- Under the new fiscal framework, the government will eventually limit borrowing solely to capital investments while cutting day-to-day program expenses and downsizing the public service.
- In Halifax, Carney is discussing his economic agenda a day after NATO announced Canada met its defence spending target of 2% of GDP in 2025.
28 Articles
28 Articles
Liberal Bills on Budget, Border Security Become Law
Two key pieces of Liberal legislation—the Budget Implementation Act and a bill around immigration and asylum measures—have received royal assent, making them law in Canada. On March 26, Bill C-15 received royal assent after the Senate adopted it. The legislation enacts measures outlined in the 2025 budget, including to help personal support workers and encourage construction of affordable homes. Bill C-12, which introduces new eligibility requir…
It implements the measures described in the 2025 budget of the Liberals.
Winnipeg Free Press
Breaking News, Sports, Manitoba, Canada
Feds reveal streams behind $1-billion VC initiative as budget becomes law
After a months-long journey through the House of Commons and the Senate, Bill C-15 received royal assent on Thursday evening, officially implementing the 2025 federal budget into law. With that royal assent comes one trillion dollars in new investments over the next five years; a $78.3-billion deficit for 2025-26; and major commitments to the Canadian tech ecosystem that BetaKit covered when the budget was tabled in November. These investments …
Coverage Details
Bias Distribution
- 70% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
