{"id":13513,"date":"2023-02-24T17:54:20","date_gmt":"2023-02-25T01:54:20","guid":{"rendered":"https:\/\/essential.construction\/news\/ontario-government-to-table-budget-march-23\/"},"modified":"2023-02-24T17:54:21","modified_gmt":"2023-02-25T01:54:21","slug":"ontario-government-to-table-budget-march-23","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/ontario-government-to-table-budget-march-23\/","title":{"rendered":"Ontario government to table budget March 23"},"content":{"rendered":"

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TORONTO \u2013 Ontario is set to introduce its budget on March 23.<\/p>\n

Finance Minister Peter Bethlenfalvy announced the date today, saying the budget will outline a \u201cstrong future\u201d for Ontario during uncertain economic times.<\/p>\n

He said last week that the high-spending, large-deficit budgets that Ontario has tabled during the pandemic have served their purpose, but it is now time for \u201crestraint.\u201d<\/p>\n

In the recently released third-quarter fiscal update, Ontario reported a $6.5-billion deficit for the 2022-23 fiscal year, an improvement of $6.4 billion from its fall economic statement.<\/p>\n

Meanwhile, the Financial Accountability Office is projecting a deficit of $2.5 billion in this fiscal year but says that will improve to billion-dollar surpluses through the remaining years of its projection to 2026-27.<\/p>\n

The FAO has also highlighted large contingency funds the province has included in its finances, which opposition critics say allow the government to hide its true spending plans.<\/p>\n

\u00a92023 THE CANADIAN PRESS<\/strong><\/p>\n<\/p><\/div>\n