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)
Your business will rise in Smiths Falls
Establishing, expanding or relocating a business might be all new to you, but Smiths Falls has an extensive network of business support services which have collectively assisted entrepreneurs in meeting
How a uOttawa engineering professor is unearthing climate change insights buried in big data
The potential benefit AI offers for understanding climate change on a deep level, and developing solutions based on those insights, is enormous.
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.
