Canada

'We will have to do less of some of the things that we want to do,' Carney says

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"The upcoming budget will balance the operating deficit in three years by reducing wasteful government spending and doing more with less," Carney said. "But the fact is, even with such efficiencies and with better management, we will have to do less of some of the things that we want to do, so we can do more of what we must do to build a bigger and better Canada."

It remains unclear exactly what those sacrifices will be or how they will be distributed.