Liberal government will move federal budgets to the fall

Finance Minister Francois-Philippe Champagne said the government remains committed to balancing the operational side of the budget by 2028-2029. Photo by Patrick Doyle/The Canadian Press files

The Liberal government will move to a fall budgeting cycle, a departure from the traditional practice of tabling the federal budget in the spring.

“Budgets in the fall is pretty much the norm, as opposed to the exception in the G7 , because it really aligns better with the budget cycle that we see in a number of G7 countries,” said Finance Minister François-Philippe Champagne , during a press conference with reporters on Parliament Hill.

The change will also mean a fiscal update will be provided in the spring. The minister said this will provide more clarity for Parliamentarians, more pred