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Canada's 2025 budget projects a $70 billion deficit to fund housing, clean energy, and worker training.
Canada's 2025 federal budget, presented by Finance Minister François-Philippe Champagne, projects a $70 billion deficit but frames it as a "generational investment" in housing, workers, and clean energy.
Key measures include a Future Skills Fund to expand training in high-demand fields, a national Homes for Every Generation strategy with a new federal housing agency and office-to-rental incentives, and enhanced support for first-time homebuyers.
Over ten years, tens of billions will fund public transit, rural broadband, climate-resilient infrastructure, and clean-energy projects like wind, hydrogen, and grid modernization.
The budget also introduces targeted tax credits and research partnerships to boost innovation in AI, biotechnology, and advanced manufacturing.
Despite a debt-to-GDP ratio near 44%, the government says the plan is sustainable through growth and productivity, with income-tax brackets indexed to inflation and no broad tax increases.
El presupuesto de Canadá para 2025 proyecta un déficit de $70 mil millones para financiar la vivienda, la energía limpia y la capacitación de los trabajadores.