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Canada's fall budget shift draws praise, but PBO warns of inflated investment data and projects a $68.5B deficit.
The Parliamentary Budget Officer welcomes the federal government’s shift to a fall budget starting November 4, 2025, calling it a step toward international norms, but warns that redefining capital spending to include tax breaks, subsidies, and housing measures may inflate investment figures.
The PBO projects a $68.5 billion deficit for 2025, up from $51.7 billion, citing U.S. tariffs and global trade pressures.
It also urges moving the public accounts release from December 31 to September 30 to improve transparency and accountability.
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El cambio presupuestario de otoño de Canadá atrae elogios, pero PBO advierte de datos inflados de inversión y proyecta un déficit de $68.5B.