$285B in Budget Investment Largely Reflects Previously Planned Spending: PBO The Parliamentary Budget Office (PBO) has determined that a significant portion of the Liberal government’s $285 billion spending plan for new investment was not new. Out of the total amount, $243.7 billion was associated with spending that was already in place before the budget’s release. The PBO clarified that only $41.3 billion of the projected spending represented new funds.

• The Liberal government outlined $285 billion in spending for new investment in the last budget.
• The Parliamentary Budget Office (PBO) stated that $243.7 billion of this amount was pre-existing spending.
• Budget 2025 introduced a new framework for reporting federal capital investment.
• The Liberal government claimed $280 billion in support for third parties could enable over $1 trillion in total investments by 2030.
• The PBO found that only $41.3 billion of the total spending was new.