A budget for the people that misses the growth challenge

A Budget responds to the context in which it is prepared and presented. This year's budget has come in a macro context of declining real GDP growth. Since mid-2023, the economy has slowed steadily in all but one quarter. The real GDP growth rate has slowed from over 8 per cent to less than 6.5 per cent over just a year.

This article was originally published on March 01, 2025.