Hello, welcome to Politics Insider. Let’s look at what happened today.

The interim Parliamentary Budget Officer released a report today that includes strong criticism of the federal government’s 2025 budget , saying it uses an overly broad definition of capital spending and includes fiscal targets that are unlikely to be met.

Bill Curry reports that one key element of the Nov. 4 budget was a new financial presentation that divides all spending into either operational or capital spending.

The government said this illustrates how it is delivering on Prime Minister Mark Carney’s campaign pledge to “spend less” on day-to-day items in order to “invest more” in capital spending that produces long-term economic benefits.

Ottawa has said this approach is modelled on similar moves by the Un

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