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Carney Targets Early Balanced Budget, PBO Warns 2029-30

By Drooid · · How we work

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Story summary
  • Prime Minister Mark Carney said Canada will balance its operating budget a year early.
  • Parliamentary Budget Officer Annette Ryan warned the balance likely won’t occur until 2029-30, a year past the target.
  • Ryan said the government’s operating-budget classifications are subjective and lack a published rationale.
  • She noted film tax credits are capital, journalism credits are not, and agricultural programs are split between capital and operating.