加拿大公布首份联邦预算案 赤字规模达疫后峰值以应对美国贸易压力

Core Points - The Canadian Prime Minister Carney announced a large-scale fiscal stimulus plan in his first federal budget, aimed at reducing economic dependence on the U.S. and addressing market uncertainties caused by former President Trump's recent tariff comments [1][2] - The federal deficit for the current fiscal year is projected to be between 70 billion and 90 billion Canadian dollars, marking the highest level since the COVID-19 pandemic [1] - The budget emphasizes "generational investment," focusing on defense and housing, with defense spending expected to reach 2% of GDP this fiscal year and planned to increase to 5% by 2035 [1] - The government decided to withdraw retaliatory tariffs on U.S. goods, which is expected to result in a revenue loss of approximately 20 billion Canadian dollars [1] - The budget requires all federal departments to cut spending by 7.5% in the upcoming fiscal year, with a gradual increase to 15% by 2028, aimed at reallocating funds for large capital investments [1][2] Financial Management - The budget distinguishes between recurring and capital expenditures for the first time, with a commitment to achieve recurring deficit balance within three years and ensure a gradual decline in public debt as a percentage of GDP [2] - The interest expenditure on Canada's public debt has increased by 125% compared to pre-pandemic levels, posing ongoing challenges to fiscal sustainability as the deficit expands [2]