Liberal government to deliver all future budgets in the fall as part of new framework

The Liberal government is ending a long-held tradition of presenting a spring budget and will instead adopt a relatively new tradition borrowed from the U.K. that will see all future budgets delivered in the fall, Finance Canada said Monday.

As a part of the change, the tradition of tabling a fall economic and fiscal update will be moved to the spring.

The move is a part of the Liberal government's new capital budgeting framework that will also separate out day-to-day operational spending from capital investments in the forthcoming Nov. 4 budget.

"By moving to a fall budget cycle and introducing a new capital budgeting framework, we're making better-timed and more transparent decisions. This is how we'll deliver generational investments," Finance Minister François-Philippe Champagne sai