Canada: Carney Government tables $ 78.3 Billion deficit budget for 2025-26, plans to cut 40 K public sector jobs

Babushahi Network

Ottawa/ Chandigarh, November 5, 2025: Prime Minister Mark Carney government presented 2025-26 budget with estimates forecasting a $78.3 billion deficit and $280 billion in new investments over five years for productivity, housing, defense, and trade.

According to budget, the plan includes cutting 40,000 public service jobs to save $60 billion, scrapping the oil and gas emissions cap while keeping the industrial carbon tax, and eliminating luxury taxes on jets and yachts. Conservatives, led by Pierre Poilievre, criticize the budget as reckless debt accumulation, while Liberals defend it as vital for economic growth amid global challenges.

Budget was presente

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