US EditionOntario adds $766M in new program spending using contingency funds
- Ontario exceeded its planned spending by $766 million in the first quarter of the fiscal year, but this increase is offset by funds from the contingency fund.
- The deficit projection for 2023-24 remains unchanged at $1.3 billion, with revenues and expenses aligning with the budget forecast.
- The majority of the new program spending, including industrial land development, policing, flood protection, affordable housing, and support for the wine sector, is financed through the contingency fund, which was set at $4 billion in the budget.
21 Articles
21 Articles
Ontario adds $766M in new program spending using contingency funds
Ontario spent about $766 million more than planned in the first quarter of this fiscal year, but the province’s bottom line is the same since nearly all of that new spending came from contingency funds.
TORONTO — Le gouvernement de l’Ontario a dépensé environ 766 millions $ de plus que prévu au cours du premier trimestre de cet exercice, mais le résultat net de la province demeure le même puisque presque toutes ces nouvelles dépenses provenaient du Fonds de prévoyance. Dans le rapport sur les finances publiques du premier trimestre, publié lundi par le ministre Peter Bethlenfalvy, le gouvernement indique que le déficit de l’Ontario pour 2023-20…
Ontario adds $766M in new program spending using contingency funds
TORONTO — Ontario spent about $766 million more than planned in the first quarter of this fiscal year, but the province's bottom line is the same since nearly all of that new spending came from contingency funds.
Ontario adds $766M in new program spending using contingency funds
TORONTO — Ontario spent about $766 million more than planned in the first quarter of this fiscal year, but the province's bottom line is the same since nearly all of that new spending came from contingency funds.
Ontario adds $766M in new program spending using contingency funds
TORONTO — Ontario spent about $766 million more than planned in the first quarter of this fiscal year, but the province's bottom line is the same since nearly all of that new spending came from contingency funds.
Coverage Details
Bias Distribution
- 74% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
