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What Economists Are Saying About Ontario's Projected $14.6 Billion Budget Deficit

  • Ontario's projected budget deficit for the fiscal year beginning in April is expected to reach $14.6 billion, an increase from last year's prediction of $4.6 billion.
  • The budget includes up to $5 billion for the Protecting Ontario Account, aimed at providing 'immediate liquidity relief' for businesses affected by tariffs.
  • Another $5 billion will be allocated to the province's infrastructure bank, known as the Building Ontario Fund.
  • Uncertainty regarding Donald Trump's tariffs has been a major theme influencing the budget this year.
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Barrie TodayBarrie Today
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Trump looms large in Ford government’s latest budget

Every Sunday morning, one of our legislative reporters from The Trillium provides an inside look at the week that was in Ontario politics — and the week ahead

·Barrie, Canada
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  • 80% of the sources lean Left
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Financial Post broke the news in Canada on Sunday, May 18, 2025.
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