Published 2 months ago

Ontario records $5.9B deficit for the last fiscal year

Ontario's budget deficit for the 2022 fiscal year was higher than anticipated, reaching several billion dollars more than projected in a recent update from the province. This indicates a significant increase in spending compared to the previous year.
However, the government managed to end the previous fiscal year with a $2.1 billion surplus, a stark contrast to the projected $33 billion deficit outlined in the 2021 budget. This shows a remarkable financial turnaround for Ontario.
Despite the increase in the deficit, the province's first-quarter finances estimated the 2022-23 deficit at $2.2 billion, suggesting a slight improvement compared to initial projections.

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CTV News

Ontario records $5.9B deficit for the last fiscal year

Ontario ended the last fiscal year with a smaller deficit than projected in the 2022 budget, largely on the strength of higher tax revenues due to economic growth and inflation.

2 months ago·Canada

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CBC News

Ontario records $5.9B deficit for the last fiscal year

Ontario ended the last fiscal year with a smaller deficit than projected in the 2022 budget, but it was several billion dollars higher than in a fiscal update from the province six weeks ago.

2 months ago·Canada

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Global News

Ontario records lower deficit for 2022 than projected

The government's 2022 budget had projected a $19.9 billion deficit for that fiscal year, but the province actually ended $5.9 billion in the red.

2 months ago·Toronto, Canada

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Financial Post

Ontario records $5.9-billion deficit for the last fiscal year

TORONTO — Ontario ended the last fiscal year with a smaller deficit than projected in the 2022 budget, but it was several billion dollars higher than in a fiscal update from the province six weeks ago.

2 months ago·Canada

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Coast Reporter

Ontario records lower deficit for the last fiscal year than projected

TORONTO — Ontario ended the last fiscal year with a smaller deficit than projected in the 2022 budget, largely on the strength of higher tax revenues due to economic growth and inflation.

2 months ago·Sechelt, Canada

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Flin Flon Reminder

Ontario records lower deficit for the last fiscal year than projected

TORONTO — Ontario ended the last fiscal year with a smaller deficit than projected in the 2022 budget, largely on the strength of higher tax revenues due to economic growth and inflation.

2 months ago

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