Chrystia Freeland will give fall economic statement on Dec. 16
Global News
The fall fiscal update is set to arrive later than usual, just a day before members of Parliament are scheduled to wrap up their business for the year.
Finance Minister Chrystia Freeland announced Monday that she will deliver a fall economic statement on Dec. 16.
The fiscal update will provide a fresh look at Ottawa’s finances heading into 2025.
It will give Canadians a sense of how items announced since the 2024 federal budget, including planned immigration caps, the upcoming GST holiday and Ottawa’s pledges to meet NATO spending commitment in future years will impact the federal balance sheets.
The fall fiscal update is set to arrive later than usual, just a day before members of Parliament are scheduled to wrap up their business for the year.
Freeland has blamed an ongoing Conservative filibuster stymying regular business in the House of Commons for the delay.
The Dec. 16 update will also offer a glimpse into whether or not the federal government has stuck to its fiscal anchors heading into an election year.
Canada’s fiscal watchdog has recently put substantial scrutiny over some of Ottawa’s spending plans.
The parliamentary budget officer has projected that the federal Liberals likely missed a pledge to cap the deficit at $40 billion in the previous fiscal year.