Ontario Finances

• Ontario government adds $766M in new program spending using contingency funds

  In the financial update released today by Finance Minister Peter Bethlenfalvy, the deficit projection for 2023-24 remains at the $1.3 billion set out in the spring budget.

  Politics

  Aug 14, 2023
  
• Ontario expects $1.3B deficit, to post surplus in a year

  Finance Minister Peter Bethlenfalvy says his plan shows that it is possible to balance the budget while still investing in areas such as health care, housing and highways.

  Politics

  Mar 23, 2023
  
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• Toronto warns more funding needed to support city’s shelter system

  The city said its shelter system is currently housing 1,600 more people a night than it did at this time last year, with the figure now around 8,200 people a night.

  Politics

  Nov 7, 2022
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• Financial watchdog says Ontario on track to balance budget by 2023-24

  Ontario's financial watchdog says the province is on track to balance the budget by 2023-24 and run a $7.1 billion surplus three years later.

  Canada

  Apr 12, 2022
• Ontario lowers deficit projection for this year to $13.1 billion

  Ontario is projecting a $13.1-billion deficit this fiscal year, down from the province's last forecast, mostly due to higher revenues.

  Economy

  Feb 14, 2022
• Ontario government boosts health spending, plans to phase out COVID-19 supports

  Ontario is boosting health spending, investing more in roads and bridges, and phasing out COVID-19 supports as it charts a path out of the pandemic.

  Canada

  Nov 4, 2021
• Ontario adds $2.2B in COVID-19 spending to prepare for uncertainty around variants

  Ontario is putting an additional $2.2 billion toward COVID-19 spending, amid ongoing uncertainty about variants of concern.

  Health

  Aug 12, 2021
• Coronavirus: Ontario projects $2.6B more in COVID-19 pandemic spending since fall budget

  The province says that brings its one-time pandemic spending to $13.3 billion.

  Politics

  Feb 10, 2021
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• Ontario budget deficit projected to jump to $38.5 billion in 2020-2021

  The government revised the projection upward in a fiscal update provided Wednesday at the provincial legislature.

  Economy

  Aug 12, 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