The Canadian federal budget for the fiscal years of 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023.

[2] The budget was meant to reflect Prime Minister Justin Trudeau's stated policy objective to "make life more affordable for Canadians"[3] while also reducing government expenditures.

[5] United States President Joe Biden's Inflation Reduction Act of 2022 included unprecedented investments in initiatives aimed at promoting Green growth.

[14] Conservative party leader Pierre Poilievre strongly criticized the budget, arguing it included too much new spending and that such policy would result in higher inflation.

While they welcomes the new investments in Renewable energy, these groups were distraught by the government's plan to increase funding for Carbon capture and storage, arguing it is an unproven technology that is mostly used as propaganda by the petroleum industry to delay the reduction of its production.