Canada Seeks Billions in Spending Cuts
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Carney's cabinet on the hunt for spending cuts as defence bill grows

70% Informative
Finance Minister Francois-Philippe Champagne asked ministers to identify how to cut 7.5 per cent from program spending for the 2026-27 fiscal year .
Champagne also said ministers should look for cuts of 10 per cent in the 2027-28 fiscal year and 15 per cent the year after.
The federal government’s annual program spending is projected to be more than $500 billion .
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