Political parties and their leaders are not always known for fulfilling their commitments. This week’s budget provides an opportunity to review some of the promises made by Prime Minister Mark Carney and the Liberal Party during the spring election campaign. Have these promises been realized?

While it is not possible to cover every aspect comprehensively, certain key priorities of Carney’s administration can be assessed.

### The Trade Tariff Issue
Following U.S. President Donald Trump’s imposition of tariffs on Canadian steel, aluminum, and vehicles earlier this year, the Liberal platform aimed to generate $20 billion from retaliatory tariffs in the current fiscal year. However, the latest budget indicates a revised expectation of $4.4 billion due to the reduction of countermeasures against American products. The government has also exempted numerous Canadian companies from counter-tariffs, resulting in a net revenue of $3.7 billion. Nevertheless, this figure may decrease as more companies seek relief from these tariffs. The government has allocated up to $25 billion over five years to support sectors significantly impacted by these measures.

### NATO Defense Commitments
Under pressure from Trump, the Liberals committed to increasing Canada’s defense spending to two percent of GDP by 2030, a target set by all NATO countries. However, Canada has yet to meet this commitment. Subsequently, Carney agreed to further raise the NATO commitment to five percent of GDP, including 1.5 percent for infrastructure support. The budget assures meeting the two percent target this year, earlier than initially pledged. However, the lack of specific spending breakdowns and future GDP comparisons in the defense section makes it challenging to assess the government’s adherence to its promises.

### Housing Development Goals
During the election campaign, the Liberal Party proposed building 500,000 homes annually, doubling the current rate, through the establishment of Build Canada Homes. The government has initiated this agency and allocated $13 billion over five years for its funding, aiming to nearly double home construction to between 430,000 and 480,000 units annually.

### Investment in Artificial Intelligence
Despite the significant importance of artificial intelligence, the budget falls short of the Liberals’ promised investment. While Carney committed to investing $2.5 billion in digital infrastructure over two fiscal years and providing training funds for AI utilization, the budget only allocates $925 million over five years, with $800 million already announced in the previous year’s budget. The government plans to attract private investment for AI projects, but specific details are lacking.

### CBC Funding
While not a specific campaign promise, the budget revealed plans for the government to collaborate with CBC/Radio Canada for potential participation in Eurovision. The Liberals did pledge an immediate $150 million in additional funding for CBC during the campaign, and this funding is included in the budget. The government also hinted at exploring ways to enhance CBC’s independence, aligning with the promise for improved governance and accountability within the corporation.

Overall, the budget reflects progress on certain commitments while revealing areas where further scrutiny may be necessary to ensure fulfillment of election promises.