$285B in Budget Investment Largely Reflects Previously Planned Spending: PBO

Interim Parliamentary Budget Officer Jason Jacques prepares to appear before the Standing Committee on Government Operations and Estimates, on Parliament Hill in Ottawa on Sept. 25, 2025. The Canadian Press/Justin Tang

Of the $285 billion in spending the Liberal government outlined in the last budget to support new investment, $243.7 billion of that amount is associated with planned spending that was already in place before the budget was released, according to the Parliamentary Budget Office.

Budget 2025 introduced a new framework for reporting federal capital investment, with the Liberal government saying $280 billion in support for “third parties” could enable “more than $1 trillion in total investments” through 2030.