Core Points - The Canadian federal government has released its first budget since Prime Minister Carney took office, focusing on strategic investments to enhance economic resilience against global uncertainties and reduce reliance on the U.S. [1] - The budget proposes a net increase in spending of 89.7 billion CAD over the next five years, while also implementing a "comprehensive spending review" to cut public service and project expenditures [1] - The funds saved will be redirected towards key areas such as housing, infrastructure, defense, productivity, and competitiveness, with the aim of attracting more private capital to drive a total investment of 1 trillion CAD [1] Financial Projections - The budget document forecasts a fiscal deficit of 78.3 billion CAD for the fiscal year 2025-2026, which is expected to decrease to 56.6 billion CAD by the fiscal year 2029-2030 [2] - A key vote on the budget is scheduled for November 18, with the necessity for support from at least one major opposition party due to the minority government status of the Liberal Party [2] - The budget vote is considered a confidence vote, and a rejection could lead to early federal elections [2]