US Edition
Champagne set for finance committee appearance as fall budget looms
Finance Minister Champagne faces questions on a federal deficit nearing $70 billion and upcoming capital spending increases before the November 4 budget release.
- On Oct. 6, 2025, Finance Minister François-Philippe Champagne is set to appear before the House of Commons finance committee, where MPs will press him after he was summoned last month to explain the budget cycle.
- Interim Parliamentary Budget Officer Jason Jacques raised alarm about this year's deficit nearing $70 billion and warned the fiscal path is "unsustainable" as the federal government shifts to fall budgets.
- Champagne released an outline Monday proposing changes to how the government's budget presentation shows operational spending versus capital spending, but omitted new deficit projections.
- Champagne billed the plan as a `generational investment`, with Carney vowing to balance operating books in three years while defence and infrastructure capital spending rises.
- On Nov. 4, the government will table its fiscal update under Prime Minister Mark Carney, presenting the budget balance in the traditional format with withheld projections released then.
23 Articles
23 Articles
Champagne set for finance committee appearance as fall budget looms (Canada)
MPs will be pressing for details about Canada's fiscal position today as Finance Minister François-Philippe Champagne is set to appear at a parliamentary committee. Champagne was summoned last month to make an appearance at the House of Commons finance committee to answer questions about the ...
Winnipeg Free Press
Champagne set for finance committee appearance as fall budget looms
Breaking News, Sports, Manitoba, Canada
Budget 2025 and Fiscal Federalism - Policy Magazine
By Daniel Béland October 6, 2025 On November 4, Finance Minister François-Philippe Champagne will table the 2025 federal budget, the first of the Carney government. This will be a budget of the highest importance for the country, in part because the government pledged to make large new investments in the economy and the military while trying to control federal spending, in a context in which the Parliamentary Budget Office (PBO) projects that …
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