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TORONTO \u2014 Ontario is set to table its 2025-26 budget on May 15.<\/p>\n
Finance Minister Peter Bethlenfalvy announced the date today, saying it will be a plan that helps Ontario build more, build faster and achieve free trade across Canada.<\/p>\n
The fiscal plan is being tabled later than usual, in part due to the timing of a winter provincial election held on Feb. 27.<\/p>\n
The budget comes at a time when the province faces economic headwinds due to U.S. President Donald Trump\u2019s tariffs, which Ontario\u2019s budget watchdog says could sharply affect the province\u2019s GDP and job market.<\/p>\n
Bethlenfalvy says he is focused on economic prosperity and giving workers more tools so Ontario can boost productivity.<\/p>\n
Ontario\u2019s last major fiscal update, the fall economic statement, had projected a relatively small $1.5-billion deficit for 2025-26 and eyed a balanced budget for 2026-27, but that came before the election of Trump and the implementation of tariffs.<\/p>\n
\u00a92025 The Canadian Press<\/strong><\/p>\n<\/p><\/div>\n