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.
Insights by Ground AI
Does this summary seem wrong?
18 Articles
18 Articles
9
1
1
Ontario records $5.9B 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.
·Bradford West Gwillimbury, Canada
Read Full ArticleCoverage Details
Total News Sources18
Leaning Left9Leaning Right1Center1Last UpdatedBias Distribution82% Left
Bias Distribution
- 82% of the sources lean Left
82% Left
L 82%
Factuality
To view factuality data please Upgrade to Premium