Carney vows to cap public spending, reform budget practices

Mark Carney, a leading candidate for the Liberal Party leadership in Canada, has proposed a fiscal policy focused on reducing government spending and increasing investments. At a recent press conference, he criticized the current administration for excessive spending and outlined his commitment to balancing the federal government's operating budget within three years. Carney emphasized a need to cap the public service size and conduct a spending review to enhance fiscal responsibility. Additionally, he highlighted plans for infrastructure investment to bolster the economy, although specifics on the public funding for these initiatives were not provided. His approach aims to create a budget framework that promotes transformative investments while addressing concerns about rising deficits. Carney's candidacy is positioned against Prime Minister Justin Trudeau's record, with public sentiment suggesting he is a frontrunner in the leadership race.