The Canadian federal budget for fiscal year 1995–96 was presented by Minister of Finance Paul Martin in the House of Commons of Canada on 27 February 1995.

[2] The budget is presented in a context of a fast-growing US economy and moderate inflation but a severe increase in interest rates that started in early 1994 dramatically increased public debt charges and in turn reduced budgetary margin for the Liberal government.

[4] In order to increase revenues, the budget plans for new cost recovery and user fees initiatives, notably: These initiatives were to generate $450 millions in annual revenues in 1995–96 and up to $600 millions when fully implemented.

The EMS aimes to implement a new results-based approach to public management and strict cost control.

Reform, Bloc, NDP and one of the two Progressive-conservative (Elsie Wayne) MPs voted against the budget while Gilles Bernier (the only independent MP elected in 1993) and Jag Bhaduria (formerly part of the Liberal caucus), voted in favor like.