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Canada's new $141B budget boosts spending, cuts jobs, and raises debt to grow the economy.
Prime Minister Mark Carney’s new budget boosts Canada’s economy with $141 billion in five-year spending on military and infrastructure, increasing federal debt while cutting 40,000 public service jobs over four years to save $51.2 billion.
The deficit is projected to rise to $78.3 billion in 2025, but the government aims to balance operating costs within three years, with deficits falling to $56.6 billion annually by 2029 despite rising interest payments.
The plan relies on capital investment to drive growth, though challenges persist from U.S. trade tensions and federal political dynamics.
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El nuevo presupuesto de Canadá de 141.000 millones de dólares aumenta el gasto, recorta empleos y aumenta la deuda para hacer crecer la economía.