Ontario budget: Province expects $1.3B deficit, set to post surplus in a year
Videos
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Ontario budget: Province expects $1.3B deficit, set to post surplus in a year
03:35 | March 23, 2023
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147th Canadian National Exhibition opens to visitors
05:22 | August 22, 2026
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Wildfire activity in Canada has ‘accelerated significantly,’ minister warns
02:27 | August 18, 2026
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Missing plane found in Kawartha Lakes area as search for pilot continues
01:12 | August 18, 2026
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Trump would cut off Canadians data centre access in ‘3 seconds’ if given the chance, Ford says
00:45 | August 17, 2026
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Ontario government ‘resolute’ that U.S. booze ‘remain off shelves’ unless trade talks benefit Canada
02:04 | August 14, 2026
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Toronto police recover 2,500 stolen items worth over $1M worth of belongings in ‘Project Compass’
05:11 | August 13, 2026
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Conservative MP Larry Brock resigns, leaving another vacancy in Poilievre’s caucus
00:35 | August 7, 2026
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Canadian broadcasting legend Lloyd Robertson dies at 92
03:31 | August 4, 2026
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St. Catharines declares state of emergency due to flooding from ‘extraordinary’ rainfall
02:14 | August 4, 2026
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Carney calls August byelections for 3 ridings, control of house at stake
02:07 | July 26, 2026
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6 Marineland beluga whales swimming in new U.S. homes
02:05 | July 23, 2026
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Carney ‘absolutely’ misled Canadians on Gordie Howe International Bridge revenue deal: Scheer
04:11 | July 23, 2026
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Over $139M seized in drugs in multi-agency investigation in Ontario
02:40 | July 23, 2026
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Gordie Howe bridge deal appears to contradict Carney
02:12 | July 22, 2026
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‘We can’t keep rolling over for Donald Trump’: Canada’s premiers oppose new U.S. tariffs
03:31 | July 22, 2026
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First Nations bear brunt of Ontario’s wildfire crisis
02:06 | July 21, 2026
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Ontario wildfires burn as Trump renews smoke complaints
01:56 | July 20, 2026
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Ford says no limit on wildfire spending as Ontario battles nearly 200 fires
00:43 | July 18, 2026
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Ontario wildfires: Premier Ford calls it ‘miracle’ no one died in fast-moving inferno
07:15 | July 17, 2026
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‘We’re on standby’: Defence Minister McGuinty asked about feds’ role in Ontario wildfire aid
02:07 | July 17, 2026
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What concessions did Canada make to U.S. to open Gordie Howe bridge?
02:09 | July 16, 2026
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Ontario wildfires: Doug Ford criticized for emergency preparedness
01:51 | July 16, 2026
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Ontario wildfires: Residents evacuate devastated Collins First Nation as infrastructure wiped out
02:12 | July 16, 2026
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Ontario man facing over 100 charges in Philippines sex abuse case, 4 children rescued
01:48 | July 15, 2026
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Tracking Ontario’s poor air quality
01:09 | July 15, 2026
-
Northwestern Ontario wildfires burn buildings, trigger evacuations
02:00 | July 15, 2026
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Gordie Howe Bridge: How will profit-share deal work between Canada and U.S.?
02:03 | July 14, 2026
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Heat, air quality alerts for millions of Canadians
02:03 | July 14, 2026
-
Heat dome brings record-breaking temperatures to Manitoba
02:13 | July 13, 2026
-
Grassroots effort underway to save Hartrick House
02:27 | July 8, 2026
-
Raging storm batters cottage country straddling Manitoba-Ontario border
01:33 | July 8, 2026
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Ontario budget: Province expects $1.3B deficit, set to post surplus in a year
03:35 | March 23, 2023
-
147th Canadian National Exhibition opens to visitors
05:22 | August 22, 2026
-
Wildfire activity in Canada has ‘accelerated significantly,’ minister warns
02:27 | August 18, 2026
-
Missing plane found in Kawartha Lakes area as search for pilot continues
01:12 | August 18, 2026
-
Trump would cut off Canadians data centre access in ‘3 seconds’ if given the chance, Ford says
00:45 | August 17, 2026
-
Ontario government ‘resolute’ that U.S. booze ‘remain off shelves’ unless trade talks benefit Canada
02:04 | August 14, 2026
-
Toronto police recover 2,500 stolen items worth over $1M worth of belongings in ‘Project Compass’
05:11 | August 13, 2026
-
Conservative MP Larry Brock resigns, leaving another vacancy in Poilievre’s caucus
00:35 | August 7, 2026
-
Canadian broadcasting legend Lloyd Robertson dies at 92
03:31 | August 4, 2026
-
St. Catharines declares state of emergency due to flooding from ‘extraordinary’ rainfall
02:14 | August 4, 2026
-
Carney calls August byelections for 3 ridings, control of house at stake
02:07 | July 26, 2026
-
6 Marineland beluga whales swimming in new U.S. homes
02:05 | July 23, 2026
-
Carney ‘absolutely’ misled Canadians on Gordie Howe International Bridge revenue deal: Scheer
04:11 | July 23, 2026
-
Over $139M seized in drugs in multi-agency investigation in Ontario
02:40 | July 23, 2026
-
Gordie Howe bridge deal appears to contradict Carney
02:12 | July 22, 2026
-
‘We can’t keep rolling over for Donald Trump’: Canada’s premiers oppose new U.S. tariffs
03:31 | July 22, 2026
-
First Nations bear brunt of Ontario’s wildfire crisis
02:06 | July 21, 2026
-
Ontario wildfires burn as Trump renews smoke complaints
01:56 | July 20, 2026
-
Ford says no limit on wildfire spending as Ontario battles nearly 200 fires
00:43 | July 18, 2026
-
Ontario wildfires: Premier Ford calls it ‘miracle’ no one died in fast-moving inferno
07:15 | July 17, 2026
-
‘We’re on standby’: Defence Minister McGuinty asked about feds’ role in Ontario wildfire aid
02:07 | July 17, 2026
-
What concessions did Canada make to U.S. to open Gordie Howe bridge?
02:09 | July 16, 2026
-
Ontario wildfires: Doug Ford criticized for emergency preparedness
01:51 | July 16, 2026
-
Ontario wildfires: Residents evacuate devastated Collins First Nation as infrastructure wiped out
02:12 | July 16, 2026
-
Ontario man facing over 100 charges in Philippines sex abuse case, 4 children rescued
01:48 | July 15, 2026
-
Tracking Ontario’s poor air quality
01:09 | July 15, 2026
-
Northwestern Ontario wildfires burn buildings, trigger evacuations
02:00 | July 15, 2026
-
Gordie Howe Bridge: How will profit-share deal work between Canada and U.S.?
02:03 | July 14, 2026
-
Heat, air quality alerts for millions of Canadians
02:03 | July 14, 2026
-
Heat dome brings record-breaking temperatures to Manitoba
02:13 | July 13, 2026
-
Grassroots effort underway to save Hartrick House
02:27 | July 8, 2026
-
Raging storm batters cottage country straddling Manitoba-Ontario border
01:33 | July 8, 2026
Ontario budget: Province expects $1.3B deficit, set to post surplus in a year
Description
March 23, 2023
Ontario Finance Minister Peter Bethlenfalvy announced on Thursday after tabling the 2023 budget that it's expected the province will run a $1.3-billion deficit, before posting a surplus next year of about $200 million. Following that, the province would see a $4.4-billion surplus in the following fiscal year of 2025-26.
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Ontario budget: Province expects $1.3B deficit, set to post surplus in a year03:35 | March 23, 2023 -
147th Canadian National Exhibition opens to visitors05:22 | August 22, 2026 -
Wildfire activity in Canada has ‘accelerated significantly,’ minister warns02:27 | August 18, 2026 -
Missing plane found in Kawartha Lakes area as search for pilot continues01:12 | August 18, 2026 -
Trump would cut off Canadians data centre access in ‘3 seconds’ if given the chance, Ford says00:45 | August 17, 2026 -
Ontario government ‘resolute’ that U.S. booze ‘remain off shelves’ unless trade talks benefit Canada02:04 | August 14, 2026 -
Toronto police recover 2,500 stolen items worth over $1M worth of belongings in ‘Project Compass’05:11 | August 13, 2026 -
Conservative MP Larry Brock resigns, leaving another vacancy in Poilievre’s caucus00:35 | August 7, 2026 -
Canadian broadcasting legend Lloyd Robertson dies at 9203:31 | August 4, 2026
-
St. Catharines declares state of emergency due to flooding from ‘extraordinary’ rainfall02:14 | August 4, 2026 -
Carney calls August byelections for 3 ridings, control of house at stake02:07 | July 26, 2026 -
6 Marineland beluga whales swimming in new U.S. homes02:05 | July 23, 2026 -
Carney ‘absolutely’ misled Canadians on Gordie Howe International Bridge revenue deal: Scheer04:11 | July 23, 2026 -
Over $139M seized in drugs in multi-agency investigation in Ontario02:40 | July 23, 2026 -
Gordie Howe bridge deal appears to contradict Carney02:12 | July 22, 2026 -
‘We can’t keep rolling over for Donald Trump’: Canada’s premiers oppose new U.S. tariffs03:31 | July 22, 2026 -
First Nations bear brunt of Ontario’s wildfire crisis02:06 | July 21, 2026 -
Ontario wildfires burn as Trump renews smoke complaints01:56 | July 20, 2026 -
Ford says no limit on wildfire spending as Ontario battles nearly 200 fires00:43 | July 18, 2026 -
Ontario wildfires: Premier Ford calls it ‘miracle’ no one died in fast-moving inferno07:15 | July 17, 2026 -
‘We’re on standby’: Defence Minister McGuinty asked about feds’ role in Ontario wildfire aid02:07 | July 17, 2026 -
What concessions did Canada make to U.S. to open Gordie Howe bridge?02:09 | July 16, 2026 -
Ontario wildfires: Doug Ford criticized for emergency preparedness01:51 | July 16, 2026 -
Ontario wildfires: Residents evacuate devastated Collins First Nation as infrastructure wiped out02:12 | July 16, 2026 -
Ontario man facing over 100 charges in Philippines sex abuse case, 4 children rescued01:48 | July 15, 2026 -
Tracking Ontario’s poor air quality01:09 | July 15, 2026 -
Northwestern Ontario wildfires burn buildings, trigger evacuations02:00 | July 15, 2026 -
Gordie Howe Bridge: How will profit-share deal work between Canada and U.S.?02:03 | July 14, 2026 -
Heat, air quality alerts for millions of Canadians02:03 | July 14, 2026 -
Heat dome brings record-breaking temperatures to Manitoba02:13 | July 13, 2026 -
Grassroots effort underway to save Hartrick House02:27 | July 8, 2026 -
Raging storm batters cottage country straddling Manitoba-Ontario border01:33 | July 8, 2026
-
Ontario budget: Province expects $1.3B deficit, set to post surplus in a year03:35 | March 23, 2023
-
147th Canadian National Exhibition opens to visitors05:22 | August 22, 2026
-
Wildfire activity in Canada has ‘accelerated significantly,’ minister warns02:27 | August 18, 2026
-
Missing plane found in Kawartha Lakes area as search for pilot continues01:12 | August 18, 2026
-
Trump would cut off Canadians data centre access in ‘3 seconds’ if given the chance, Ford says00:45 | August 17, 2026
-
Ontario government ‘resolute’ that U.S. booze ‘remain off shelves’ unless trade talks benefit Canada02:04 | August 14, 2026
-
Toronto police recover 2,500 stolen items worth over $1M worth of belongings in ‘Project Compass’05:11 | August 13, 2026
-
Conservative MP Larry Brock resigns, leaving another vacancy in Poilievre’s caucus00:35 | August 7, 2026
-
Canadian broadcasting legend Lloyd Robertson dies at 9203:31 | August 4, 2026
-
St. Catharines declares state of emergency due to flooding from ‘extraordinary’ rainfall02:14 | August 4, 2026
-
Carney calls August byelections for 3 ridings, control of house at stake02:07 | July 26, 2026
-
6 Marineland beluga whales swimming in new U.S. homes02:05 | July 23, 2026
-
Carney ‘absolutely’ misled Canadians on Gordie Howe International Bridge revenue deal: Scheer04:11 | July 23, 2026
-
Over $139M seized in drugs in multi-agency investigation in Ontario02:40 | July 23, 2026
-
Gordie Howe bridge deal appears to contradict Carney02:12 | July 22, 2026
-
‘We can’t keep rolling over for Donald Trump’: Canada’s premiers oppose new U.S. tariffs03:31 | July 22, 2026
-
First Nations bear brunt of Ontario’s wildfire crisis02:06 | July 21, 2026
-
Ontario wildfires burn as Trump renews smoke complaints01:56 | July 20, 2026
-
Ford says no limit on wildfire spending as Ontario battles nearly 200 fires00:43 | July 18, 2026
-
Ontario wildfires: Premier Ford calls it ‘miracle’ no one died in fast-moving inferno07:15 | July 17, 2026
-
‘We’re on standby’: Defence Minister McGuinty asked about feds’ role in Ontario wildfire aid02:07 | July 17, 2026
-
What concessions did Canada make to U.S. to open Gordie Howe bridge?02:09 | July 16, 2026
-
Ontario wildfires: Doug Ford criticized for emergency preparedness01:51 | July 16, 2026
-
Ontario wildfires: Residents evacuate devastated Collins First Nation as infrastructure wiped out02:12 | July 16, 2026
-
Ontario man facing over 100 charges in Philippines sex abuse case, 4 children rescued01:48 | July 15, 2026
-
Tracking Ontario’s poor air quality01:09 | July 15, 2026
-
Northwestern Ontario wildfires burn buildings, trigger evacuations02:00 | July 15, 2026
-
Gordie Howe Bridge: How will profit-share deal work between Canada and U.S.?02:03 | July 14, 2026
-
Heat, air quality alerts for millions of Canadians02:03 | July 14, 2026
-
Heat dome brings record-breaking temperatures to Manitoba02:13 | July 13, 2026
-
Grassroots effort underway to save Hartrick House02:27 | July 8, 2026
-
Raging storm batters cottage country straddling Manitoba-Ontario border01:33 | July 8, 2026
Ontario budget: Province expects $1.3B deficit, set to post surplus in a year
Description
March 23, 2023
Ontario Finance Minister Peter Bethlenfalvy announced on Thursday after tabling the 2023 budget that it's expected the province will run a $1.3-billion deficit, before posting a surplus next year of about $200 million. Following that, the province would see a $4.4-billion surplus in the following fiscal year of 2025-26.
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