Well, today is the Liberal/NDP Non-Coalition Coalition Budget Day!

[petros]

How bad do federal finances have to be for Prime Minister Mark Carney and the Liberals to announce they won’t release a federal budget this year? Instead, Finance Minister Francois-Philippe Champagne said Wednesday that the Liberals will deliver a fall economic statement; ostensibly a mini-budget.

But that’s no comfort given that the last fall economic statement the Liberals delivered in December 2024 under former prime minister Justin Trudeau, overshot their own deficit target of $40.1 billion for the 2023-24 fiscal year by 54%, coming in at $61.9 billion.
View attachment 29171
According to parliamentary budget officer Yves Giroux, that document also lacked transparency, downplayed the economic risks facing taxpayers, including rapidly increasing contingent liabilities, and was evidence of the government’s deteriorating “ability (or willingness) to produce high-quality, timely financial statements.”
View attachment 29172
The Liberals’ failure to deliver a budget this year — the last time that happened was during the pandemic — is inexplicable given Carney’s release of what was supposed to be their “fully costed” campaign platform less than a month ago, on April 19.
View attachment 29173
It called for $130 billion in new spending over four years, with a deficit of $62.3 billion in this fiscal year, which started on April 1 and ends on March 31, 2026, compared to $42.2 billion predicted by the previous Trudeau government.
View attachment 29174
In 2026-27, Carney’s projected deficit is $59.9 billion compared to Trudeau’s $31 billion, in 2027-28 $54.8 billion compared to $30.4 billion, and in 2028-29, $47.8 billion compared to $27.8 billion.

EDITORIAL: Delayed budget bad omen for taxpayers — Toronto Sun

How bad do federal finances have to be for Prime Minister Mark Carney and the Liberals to announce they won’t release a federal budget this year? Instead, Finance Minister Francois-Philippe Champagne said Wednesday that the Liberals will deliver a fall economic statement; ostensibly a...

apple.news

In total, Carney’s projected deficits of $224.8 billion over the next four years is an increase of 71% compared to $131.4 billion projected by the Trudeau government.
View attachment 29175
Carney’s platform also contained detailed information on the Liberals’ anticipated revenues and expenditures from 2025-26 to 2028-29, so any Liberal claim they don’t have the necessary information to deliver a budget when Parliament resumes on May 26 is absurd. Round four folks.

SEC.gov | EDGAR Full Text Search

At least we can track the debt and know about before the chimps are told about it.

 

[Taxslave2]

No budget simply means no chance of a non confidence vote.

 

[IdRatherBeSkiing]

No budget simply means no chance of a non confidence vote.

The Throne Speech will be a confidence vote. It should pass. Libs are 2 seats away from majority. PCs are -1 due to vacancy for PP to eventually be elected. If they make the speaker a NDP guy then it should be enough to sway. Even if not, one of BQ, NDP or Green will either not vote of vote for it to prevent election.

 

[Ron in Regina]

He made no mention of a budget, nor did he respond to repeated questions as to why the government would not be tabling a spring budget.

How bad do federal finances have to be for Prime Minister Mark Carney and the Liberals to announce they won’t release a federal budget this year? Instead, Finance Minister Francois-Philippe Champagne said Wednesday that the Liberals will deliver a fall economic statement; ostensibly a mini-budget.

Because…it’s already May? Speaking to reporters Sunday in Rome, Carney defended his decision not to present a budget this spring, saying there is little value in rushing the process.

The Liberals’ failure to deliver a budget this year — the last time that happened was during the pandemic — is inexplicable given Carney’s release of what was supposed to be their “fully costed” campaign platform less than a month ago, on April 19.

So now they will deliver a budget “this year” but not this season, or the next, but the one after that ‘cuz Carney noted a new session of Parliament begins with a throne speech on May 27, but the House of Commons is due to rise less than a month later…& then schools out for summer, etc…

Opposition parties recently attacked Carney for being vague about his plans after his government said it would not table a budget before the Commons leaves for the summer.

Finance Minister François-Philippe Champagne said instead of a spring budget, the government would put forward an economic statement — which is usually less comprehensive than a full budget — in the fall…so…less than a full budget then?

Carney’s platform also contained detailed information on the Liberals’ anticipated revenues and expenditures from 2025-26 to 2028-29, so any Liberal claim they don’t have the necessary information to deliver a budget when Parliament resumes on May 26 is absurd.

Carney said Sunday there will be more clarity in coming months on Canada's defence spending plans, the overall economic outlook and how to make the federal government more efficient.

…we have the same Liberal government (for its consecutive fourth term) and they where able to play fast and loose for the last three terms without consequences, so why bother with a Spring budget? Not like there isn’t a template for this already established by recent Liberal governments that kept getting voted in by someone somewhere in Canada.

Carney had a brief audience with Pope Leo XIV at the Vatican on Sunday following the pontiff's inaugural mass in St. Peter's Square.

Liberal government to table federal budget this fall, PM Carney says — The Canadian Press

Prime Minister Mark Carney says the Liberal government plans to table a feder

apple.news

 

[Taxslave2]

Carney defended his decision not to present a budget this spring, saying there is little value in rushing the process.

Translation: I want to be PM at least as long as Joe Clark before the peons revolt.

Unless there is significant departure from the direction the Liberals have chosen over the last decade, Carnage will go down in history as the PM that caused the breakup of the Canadian confederation.

 

[pgs]

Translation: I want to be PM at least as long as Joe Clark before the peons revolt.

Unless there is significant departure from the direction the Liberals have chosen over the last decade, Carnage will go down in history as the PM that caused the breakup of the Canadian confederation.

That is looking more and more likely . Prior to 2015 and Trudeau Quebec separation was in retreat, Alberta and Saskatchewan separation was confined to the fringes . After ten years of Trudeau and the coronation of our saviour Captain Canada Quebec is rumbling and Alberta Saskatchewan are at the highest level of pro separation ever . It is bound to happen in the future but the Liberals seem to be pushing that day closer .

 

[Taxslave2]

That is looking more and more likely . Prior to 2015 and Trudeau Quebec separation was in retreat, Alberta and Saskatchewan separation was confined to the fringes . After ten years of Trudeau and the coronation of our saviour Captain Canada Quebec is rumbling and Alberta Saskatchewan are at the highest level of pro separation ever . It is bound to happen in the future but the Liberals seem to be pushing that day closer .

Much of BC is at least sympathetic to the cause as well. We do have the double whammy of an anti jobs government in Victoria as well.

 

[pgs]

Much of BC is at least sympathetic to the cause as well. We do have the double whammy of an anti jobs government in Victoria as well.

No , they are all for public sector jobs , just not the kind that produce anything .

 

[petros]

No , they are all for public sector jobs , just not the kind that produce anything .

Unions need new blood to pay the pensions they lost.

 

[pgs]

Unions need new blood to pay the pensions they lost.

Hard to find new blood in the forestry sector . Private sector unions are finding new blood signing up fast food workers .

 

[petros]

Hard to find new blood in the forestry sector . Private sector unions are finding new blood signing up fast food workers .

Covid didn't go as planned like it did for China. Rumours have it the population is 700-800 million now.

 

[Ron in Regina]

(YouTube & WHERE IS THE ACCOUNTABILITY?: Why is Carney aping the Americans?)

 

[petros]

(YouTube & WHERE IS THE ACCOUNTABILITY?: Why is Carney aping the Americans?)

Elbows up and in your ears.

 

[Ron in Regina]

The House of Commons has not sat in more than five months, but it is important to remember that from the end of September until December, there was no government business conducted in the House. That’s all because the Trudeau government chose to allow the Commons to be paralyzed rather than release documents demanded by MPs in the Green Slush Fund scandal.

That means that Parliament hasn’t been functioning for nine months; now it’s going to sit for four weeks at most, but could rise earlier, and then not come back until Sept. 15. This isn’t good for democracy, it’s not good for the country — we have been rudderless for a long time.

Premiers, especially Alberta’s Daneille Smith and Saskatchewan’s Scott Moe, will want to hear details, not vague promises of Carney’s promise to engage in nation building infrastructure projects, including pipelines. He has been vague on what he really means, he’s refused to be pinned down on what kind of oil pipeline projects he would support, and two senior ministers have said no to pipelines, especially in Quebec.

No budget ‘till the Fall. Stay tuned.

LILLEY: The time for speeches in Ottawa is over, we need action now — Toronto Sun

What Ottawa needs is a little less conversation, a little more action.

apple.news

 

[petros]

A diverse and gender equitable dictatorship.

 

[bob the dog]

Good evasive maneuver by Carney to have King Charles read the throne speech.

 

[Ron in Regina]

Today isn’t the budget day but here we are. Politics is not a zero-sum game where one person’s win is automatically another’s loss. An economy is not a conserved system, so, in theory, it is possible that a government could reduce taxes, increase spending and balance budgets (if, for example, revenues rise).

The only way to truly hit the mythical trifecta of tax cuts, increased spending and budgetary balance will be by introducing an austere-looking budget later this year that prioritizes spending on housing, policing and defence, but makes meaningful cuts elsewhere. Odds of that happening?

John Ivison: The first Carney spending numbers are out, and they’re as bad as Trudeau’s — National Post

The Main Estimates suggest that the prime minister's message of restraint has fallen on deaf ears in Ottawa

apple.news

 

[petros]

Today isn’t the budget day but here we are. Politics is not a zero-sum game where one person’s win is automatically another’s loss. An economy is not a conserved system, so, in theory, it is possible that a government could reduce taxes, increase spending and balance budgets (if, for example, revenues rise).

The only way to truly hit the mythical trifecta of tax cuts, increased spending and budgetary balance will be by introducing an austere-looking budget later this year that prioritizes spending on housing, policing and defence, but makes meaningful cuts elsewhere. Odds of that happening?

John Ivison: The first Carney spending numbers are out, and they’re as bad as Trudeau’s — National Post

The Main Estimates suggest that the prime minister's message of restraint has fallen on deaf ears in Ottawa

apple.news

Time to check the SEC for more debt bond sales.

 

[Tecumsehsbones]

Today isn’t the budget day but here we are. Politics is not a zero-sum game where one person’s win is automatically another’s loss.

Um. . . actually, it kinda is. . .

An economy is not a conserved system, so, in theory, it is possible that a government could reduce taxes, increase spending and balance budgets (if, for example, revenues rise).

In theory, pigs actually can fly. They generally get kinda upset when you shove a rocket up their asses, though.

The only way to truly hit the mythical trifecta of tax cuts, increased spending and budgetary balance will be by introducing an austere-looking budget later this year that prioritizes spending on housing, policing and defence, but makes meaningful cuts elsewhere. Odds of that happening?

John Ivison: The first Carney spending numbers are out, and they’re as bad as Trudeau’s — National Post

The Main Estimates suggest that the prime minister's message of restraint has fallen on deaf ears in Ottawa

apple.news

Nonsense. There's also roulette.

 

[Ron in Regina]

Time to check the SEC for more debt bond sales.

Aside from dealing with Trump, all the issues that were put on the table by the Conservatives during the election still need to be dealt with. In fact, the best way to deal with the United States is to fix our own country first, in order to foster Canadian confidence and strength.

Top of mind should be the economy. When the budget is released in the fall, we’ll see what the plan is. Whatever it might be, a $60-billion deficit will not help redress our financial ailments or reduce the horrendous debt we are financing. Our productivity needs to be dealt with, and our energy and other resources need to be exploited to make Canadians richer.

Michel Maisonneuve: Canadians must hold their new government's feet to the fire — National Post

This is time for action, a time for all of us to be vocal, for us to have an opinion and make it heard

apple.news

Will the previous government’s obsession with climate change continue, or will there be a reasonable approach to building pipelines to get our energy to market and help other countries deal with their emissions while supporting our energy sector? The speech from the throne did not give details other than a reiteration of promises made during the campaign.