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ROME — Prime Minister Mark Carney says the Liberal government will present a federal budget in the fall, allowing time for clarity on some key economic and fiscal issues to emerge.
Speaking to reporters Sunday in Rome, Carney defended his government’s decision not to deliver a budget this spring, saying there is little value in rushing the process.
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Carney noted a new session of Parliament begins with a throne speech on May 27, but the House of Commons is due to rise less than a month later.
Opposition parties recently attacked Carney for being vague about his plans after his government said it would not table a budget before members of Parliament leave for the summer.
‘You do these things right,’ Carney says about budget
Finance Minister François-Philippe Champagne said instead of a spring budget, the government would put forward an economic statement — which is usually less comprehensive than a full budget — in the fall.
Carney made it clear Sunday the document will be a full-fledged budget.
He said there will be more clarity in coming months on Canada’s defence spending plans, the overall economic outlook and how to make the federal government more efficient.
“We will have a much more comprehensive, effective, ambitious, prudent budget in the fall,” he said.
“You do these things right, and that’s what we’re going to do.”
Carney said the annual NATO summit, to be held in late June in the Netherlands, will have “budgetary implications” for Canada.
In addition, he indicated a desire to have further discussions with the United States, which has hit Canada with a barrage of tariffs, to help bring “greater clarity” on the economic relationship between the two countries.
After taking questions from the media, Carney met with U.S. Vice-President JD Vance.
Canadian Prime Minister Mark Carney, near top of frame left, takes a photo of Pope Leo XIV during the Inauguration of the Pontificate in St. Peter’s Square at the Vatican on Sunday, May 18, 2025. (THE CANADIAN PRESS/Adrian Wyld)
Carney joins other world leaders at papal mass
The prime minister was seated in the second row with his wife Diana for the mass, in a section amongst other world leaders and heads of state.
The prime minister, a devout Catholic, was one of the few world leaders to kneel during the blessing of the Eucharist, and he was twice spotted using his phone to take photos of the Pope to mark the occasion — before the mass started and after it had concluded.
After the mass, he, his wife and daughter Cleo briefly met the Pope inside St. Peter’s Basilica.
Today we gathered at the Vatican to celebrate the Inauguration of His Holiness Pope Leo XIV.
The beginning of his papacy marks a moment for renewal and hope for over a billion Catholics worldwide.
It was a moment of profound faith and reflection, one… pic.twitter.com/6NrhTxbLY7— Mark Carney (@MarkJCarney) May 18, 2025
Carney had a bilateral meeting with German Chancellor Friedrich Merz earlier Sunday before heading to the Vatican. He had similar meetings with leaders of Italy, Ukraine and the European Union on Saturday.
Thirteen Canadian MPs also attended the mass, including Jaime Battiste, who was part of a reception with Canadian Catholic cardinals on Saturday in Rome along with the prime minister.
The Nova Scotia MP said he was looking forward to hearing how the Pope “sets the tone” for how he will lead.
“It’s kind of like our version of the speech from the throne as members of Parliament,” Battiste told reporters outside Canada’s official residence.
Pope Leo — the first American to hold the title — called for unity in his homily.
“In this time, we still see too much discord, too many wars caused by hatred, violence, prejudice, the fear of difference, and an economy that exploits the Earth’s resources,” he said.
Indigenous leaders have long called on the Vatican to repatriate thousands of Indigenous artifacts taken from communities in Canada. The late Pope Francis had expressed a willingness to return colonial-era artifacts in the Vatican Museum.
Battiste said the return of the artifacts came up in his meeting with the cardinals, and their repatriation is an important step toward reconciliation.
“I’ve always said that reconciliation is a journey, not a destination, and we all have steps to take on that journey,” Battiste said.
— by Nick Murray, with files from Jim Bronskill in Ottawa
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