Canada’s federal budget for 2023 will be released on March 28: Freeland
The federal government’s budget for 2023 will be released on March 28, Deputy Prime Minister and Finance MinisterFreeland has been conducting pre-budget consultations since late last year. On Thursday, she met with chief economists from major Canadian financial institutions to discuss the economic outlook and government supports.
According to a readout from her office, Freeland reaffirmed the government’s commitment to “prudent fiscal management.”2022 that the government would “keep its powder dry” and reserve major spending items for the budget in the spring.has shown signs of cooling this year due to the Bank of Canada’s aggressive hikes of its policy interest rate. For the first time since it began raising lending rates last March, the Bank of Canada held its rate at 4.5 per cent on March.
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