Carney to Push Budgets to Fall in Major Accounting Shift (1)

Prime Minister Mark Carney plans to change when Canada releases major fiscal documents, moving the country’s federal budget to the fall on an ongoing basis.

On Monday, Finance Minister Francois-Philippe Champagne said the government would be “modernizing the budget cycle” by releasing key fiscal documents later in the calendar year.

Francois-Philippe Champagne

Photographer: Nichlas Pollier/Bloomberg

He also offered up a broad definition of how the government plans to label capital investment expenditures, earmarking any spending or tax relief that “contributes to public or private sector capital formation” that ends up being held directly on a balance sheet.

Carney has promised to grow capital spending ...