The Big Story How will the massive spending cuts being proposed by Ottawa impact you?
Jul 14, 2025
Wayne Petrozzi, Professor Emeritus in Politics and Public Administration at Toronto Metropolitan University, discusses Ottawa's proposed $25 billion in spending cuts amidst a growing federal deficit. He sheds light on the impact of these cuts on civil service employment and the economic landscape. The conversation dives into the shift in Canada's fiscal priorities, particularly the rising defense budget, and explores stakeholder reactions from unions to bureaucrats. Petrozzi emphasizes the need for transparency in budget presentations to better inform taxpayers about government expenditures.
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Massive Federal Spending Cuts Planned
- The government aims to cut $25 billion by reducing federal spending, including a 7.5% cut next year and 15% by 2028.
- This would offset increased defense spending and signal a shift from Trudeau's era of government growth.
Liberals' Approach to Budget Cuts
- Liberals might better manage large cuts because of public perception compared to conservatives.
- Unlike the 90s, this approach is straightforward, without consultant jargon or acronyms.
Public Support for Spending Cuts
- Current public support for spending cuts might be strong due to economic pressures and minority government.
- The economic and geopolitical environment makes these cuts part of an existential crisis narrative.