Ottawa to present its economic update on December 16 | 2024 federal budget

The mini-budget will serve as an update on federal finances and will contain new measures that reflect the government’s priorities.

Our government strives to ensure fairness for every generationwe read in a media advisory published by the Department of Finance Canada.

We are building 4 million more homes, making the cost of living more affordable for all Canadians, and growing the economy to create more good jobswe add.

The Minister of Finance therefore waited almost until the end of the parliamentary session to present the fall economic statement, since Canadian elected officials will leave Ottawa for the holiday break on Wednesday, December 18.

The Parliamentary Budget Officer has already estimated that the government will exceed its own budgetary safeguards with a deficit of $46.8 billion for the 2023-2024 fiscal year. (new window). The Liberal government has not specified whether it will respect its own promise not to exceed $40 billion in deficit this year.

Parliamentary work paralyzed

The work of the House of Commons is currently paralyzed by the Conservatives, which could force Ms. Freeland to table the document outside the parliamentary precinct.

This is a practice that has already been used in the past, people said behind the scenes in recent weeks.

With information from Daniel Thibault and The Canadian Press