Ontario’s finance minister is set to release an update today on the province’s finances.
Peter Bethlenfalvy will release Ontario’s third-quarter finances and discuss the province’s economic and fiscal outlook.
The financial update comes not long before the province’s anticipated budget, which has to be tabled by March 31.
OBJ360 (Sponsored)
Why it is vital to register your trademark—and what can happen if you do no
When an aesthetic nurse in Kitchener-Waterloo named her new business “Kraftwurk,” it was partly an homage to the region’s rich German heritage. But she likely did not realize it would
SnowBall: A Cool Winter’s Eve to Keep Ottawa Kids Warm This Winter
As Ottawa’s winter chill sets in, the warmth of community spirit takes centre stage at SnowBall: A Cool Winter’s Eve, The Snowsuit Fund’s sought-after gala happening at the Ottawa Art
Ontario’s Financial Accountability Office released a report last week that predicted smaller deficits than the government’s previous projections, largely due to increases in revenue.
The FAO expects a budget deficit of $2.8 billion by 2023-24, compared to a government outlook last fall of $11.4 billion.
The government’s fall economic statement projects far less revenue compared to the FAO’s assessment, and the fiscal watchdog says some of that gap _ $1.7 billion in 2023-24 _ could be potential unannounced tax cuts.
This report by The Canadian Press was first published Feb. 14, 2022.
