Ontario Deficit

• Ontario to table budget amid both surging revenues, potential slowdown

  Ontario's fall economic update forecast a deficit of $8.1 billion for the upcoming fiscal year and a relatively small deficit of $700 million in 2024-25.

  Canada

  Mar 22, 2023
  
• Ontario government tables $187B budget in response to coronavirus pandemic

  The fiscal plan presented today also shows a record deficit of $38.5 billion for this year, consistent with the government's summer projections, and says a path to balance will be presented in the 2021 budget.

  Politics

  Nov 5, 2020
  
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• Ontario government’s fiscal update shows deficit now down to $9B

  Ontario's deficit is now expected to be $9 billion for this fiscal year, down from the $10.3-billion projection in the budget.

  Politics

  Nov 6, 2019
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• Ontario government’s fiscal update to focus on balancing the books

  Government House Leader Paul Calandra says the key fiscal update that will be delivered on Wednesday will highlight the work to eliminate a projected $10.3 billion deficit.

  Politics

  Nov 5, 2019
• Ontario’s financial watchdog says deficit ‘was never $15 billion’ as Doug Ford previously claimed 

  "Policy decisions by both the current and previous governments contributed to the slow increase in revenues as well as the rise in spending last year."

  Politics

  Oct 17, 2019
• Ontario government lowers deficit to $7.4 billion, half of what PCs originally said

  The government says the 2018-19 deficit improved due to higher-than-expected tax revenues and lower spending.

  Economy

  Sep 13, 2019
• A list of cuts and changes Doug Ford has made this year as he tries to balance the budget

  All of the program and funding cuts the Ontario government has made in its first year in power.

  Canada

  Jun 5, 2019
• Hamilton’s mayor calls on Premier Doug Ford to ‘stop the surprises’ on budget cuts

  Hamilton Mayor Fred Eisenberger says the premier's call for municipalities to cut their budgets in-year by four per cent shows a lack of consideration for municipal budgets.

  Politics

  May 22, 2019
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• New estimate says provincial changes chop Hamilton’s funding by $8.8 million

  The $8.8-million estimate is in a note to city councillors from General Manager of Emergency and Community Services Paul Johnson.

  Politics

  May 1, 2019
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• Ontario’s fiscal watchdog says limited chances to reduce government spending and cut deficit

  The Financial Accountability Officer says the province's per capita spending in 2017 on government programs was already the lowest amongst all the provinces.

  Canada

  Feb 14, 2019