Ontario Budget Projects Larger Deficit, Billions for Infrastructure Ahead of Election

[claireokc]

TORONTO—Ontario’s Progressive Conservatives are veering off a path to balance with an election budget loaded with billions of dollars in hospital, highway, and transit investments. The document, set to serve as the Tory platform during a campaign expected to kick off next week, has the party projecting Ontario will be $19.9 billion in the red this year—a bigger deficit than the province ran in the first pandemic year. The Progressive Conservatives aren’t planning to balance until 2027-28. That’s despite Ontario’s Financial Accountability Office saying recently that the province was on track to balance the budget by next year. ...

Source: https://www.theepochtimes.com/ontario-b ... 34982.html