The new Liberal government has been in place since March, but it is only later this fall that Canadians will get an updated picture of the country’s finances.
Anxiety is rising in some sectors of society due to proposed austerity cuts to various programs coupled with massive increased spending in areas like defence and infrastructure, as well as the continuation of recently introduced support initiatives like dental care.
Unions are worried about public sector job cuts and fiscal conservatives are concerned about spiralling debt.
There is limited clarity so far regarding the precise budget outlook, but Finance Minister François-Philippe Champagne has set the budget’s release date for Nov. 4….