Mr. Speaker, the international orders and trading systems that powered Canada's prosperity for decades are quickly being changed and drastically reshaped, threatening our sovereignty, our prosperity and our values. Faced with these realities, where others would simply endeavour to weather the storm, our government is rising up to meet the moment with humility, vigour and confidence.
Budget 2025 is the generational plan Canada needs to build our economy, protect our way of life and empower Canadians like never seen before. We will build here at home, including supports for industries impacted by tariffs, nation-building infrastructure through the new Major Projects Office, and millions more homes for Canadians, including through a new agency, Build Canada Homes. We will protect what matters most, which are our people, our community and our sovereignty, by investing in our Armed Forces and border security and by rolling out bail reforms to ensure safer streets for all.
We will empower Canadians with better careers, strong public services and a more affordable life with measures to drive down competition in key sectors, automatic federal benefits that will reach up to 5.5 million low-income Canadians and a permanent national food program. With budget 2025's new trade diversification strategy, supported by a trade diversification corridors fund, we will explore new markets and sell more of the best that Canada has to offer.
We know that to make these generational investments, our government must make certain adjustments. This includes a new framework for budgeting, the cornerstone of which is a new capital budgeting framework that prioritizes spending that stimulates public and private sector capital investment while reining in day-to-day operational spending, which rose significantly during COVID and the post-COVID era. In doing so, we are creating a more efficient and productive government for the future.
The government will balance day-to-day operating spending with revenues by 2028 to 2029, while maintaining a declining deficit-to-GDP ratio. We will do this while enabling $1 trillion in total investment over the next five years through smarter public spending and stronger capital investment. A key part of this process is the comprehensive expenditure review, which will reduce inefficiencies and refocus government spending on core priorities. It will rein in government spending, saving Canada $13 billion annually by 2028 to 2029, for a total with other savings and revenues of $60 billion over five years. Savings will be achieved by restructuring operations and consolidating internal services and rightsizing programs to realize efficiency. This will allow the government to invest more in the workers, businesses and nation-building infrastructure that will build Canada strong. By making these adjustments now, we are making it possible to build the strongest economy in the G7.