Federal budgets will now be tabled in the fall, split capital and operational spending

The federal government of Canada will now present its annual budget in the fall, separating capital expenditures from operating costs, as announced by Finance Minister François-Philippe Champagne.

• Finance Minister François-Philippe Champagne revealed the budget shift during a press conference in Ottawa, marking a significant change to the traditional spring budget presentation.
• The decision to separate capital spending from operating costs aims to provide clearer insights into government spending, enhancing transparency for Canadian taxpayers.
• This new budgeting approach aligns with the Liberal Party of Canada's commitment to fiscal responsibility and strategic investments in Canadian infrastructure and services.
• Starting this year, the fall budget will allow for better planning and execution of investments, addressing key priorities outlined by the government in its economic strategy.