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Dec 9, 2024 7:05 PM - The Canadian Press

Freeland Sets December 16 for Fall Economic Statement

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Traditionally released in November, the Fall Economic Statement will also provide an updated forecast for Canada's economic growth.

Canada's Deputy Prime Minister and Finance Minister, Chrystia Freeland, has scheduled the release of the Fall Economic Statement for December 16. Commonly referred to as a "mini-budget," it outlines the government's fiscal direction.

The statement will detail fiscal priorities for 2025, following recent announcements on GST exemptions, immigration caps, and increased NATO spending outside the 2024 budget framework. These measures are expected to impact the overall budget outlook.

Opposition leader Pierre Poilievre has accused the government of delaying the statement to hide a potential breach of the budget deficit target. Freeland, however, attributed the delay to a Conservative privilege motion that disrupted House proceedings.

Traditionally released in November, the Fall Economic Statement will also provide an updated forecast for Canada's economic growth.

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