Carney to Push Budgets to Fall in Major Accounting Shift

Prime Minister Mark Carney has announced a significant shift in Canada's fiscal reporting schedule. The federal budget, which has traditionally been released in the spring, will now be moved to the fall on an ongoing basis. This change aims to align Canada's fiscal planning and reporting with the country's economic cycle. By releasing the budget in the fall, the government can better incorporate the most up-to-date economic data and projections into its fiscal planning. The move is expected to provide Canadians with a clearer picture of the government's financial position and priorities before the start of the new fiscal year. This change will also allow for more comprehensive parliamentary and public scrutiny of the government's fiscal plans. The shift in the budget release timeline is a major accounting and policy shift that will have far-reaching implications for Canada's fiscal management and transparency.