Federal cuts coming : "Federal cabinet ministers are being asked to find “ambitious” internal savings this summer ahead of the 2025 budget as Prime Minister Mark Carney’s government decides how it will pay for the billions of dollars in new spending that it recently announced.
Specifically, ministers must find ways to reduce program spending by 7.5 per cent in the fiscal year that begins April 1, 2026, followed by 10 per cent in savings the next year and 15 per cent in the 2028-29 fiscal year.
Program spending refers to the costs related to services provided directly by Ottawa. It excludes large categories such as federal transfers to the provinces and territories for health and social services, debt payments, and direct transfers to individuals such as seniors benefits. "
https://www.theglobeandmail.com/politics/article-federal-cabinet-ministers-letters-spending/ July 7 2025
Negative consequences for Nova Scotia in the short term but treating the Trudeau plague of deficits is necessary.
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