Prime Minister Mark Carney speaks to media during a press conference at Canada House, in London, Monday, March 17, 2025. THE CANADIAN PRESS/Sean Kilpatrick

By Canadian Press

Liberal government to table federal budget this fall, PM Carney says

May 18, 2025 | 7:28 AM

ROME — Prime Minister Mark Carney says the Liberal government plans to table a federal budget this fall.

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.

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.

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.

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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 will have a much more comprehensive, effective, ambitious, prudent budget in the fall,” he said.

“You do these things right, and that’s what we’re going to do.”

Carney also had a brief audience with Pope Leo XIV today at the Vatican following the pontiff’s inaugural mass in St. Peter’s Square.

This report by The Canadian Press was first published May 18, 2025.

Nick Murray, The Canadian Press