Breaking Down Budget 2025: What It Means for Canadians
On Tuesday, I spent hours reviewing the Liberal government’s latest fiscal plan—a document that outlines how your tax dollars are being spent. While the headlines often focus on the big promises, the real legislative impact comes through the Budget Implementation Act.
In my latest video, I share the key takeaways you need to know:
- A Deepening Deficit: $78.3 billion this year alone, with interest payments projected to hit $75 billion annually by 2029.
- Savings Without a Plan: $60 billion promised, but no clear roadmap to achieve it.
- Defence Spending: Finally moving toward NATO commitments, but accountability is critical.
- Energy & Environment: Mixed signals on emissions caps and financial rules, plus missed opportunities for clean energy innovation.
Budgets are about choices—and this one shows a government choosing heavy spending and deficit financing. 13% of all expenditures this year are deficit-funded. That’s not sustainable.
I’ll continue to push for fiscal responsibility and accountability in Parliament. Your feedback matters—share your thoughts in the comments or reach out to my office.