Budget 2025 and the perfection of managerial politics

Mark Carney’s first budget displays the prime minister’s administrative instincts: control the narrative, project calm, and preserve credibility in bond markets. 
Mark Carney
Prime Minister Mark Carney’s budget represents a perfection of managerial politics: continuity disguised as change, writes Bhagwant Sandhu.The Hill Times photograph by Andrew Meade
Opinion
BY BHAGWANT SANDHU
November 5, 2025

OTTAWA—Like other instruments of governance, federal budgets are part policy, part politics. Prime Minister Mark Carney’s Budget 2025 is no differ...

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