“We’ll update the numbers in the fall economic statement. But we need to make sure to have the housing, the healthcare, the roads, the public transportation (...) needed to accommodate that population growth,” Bethlenfalvy said.
Published Sep 23, 2024 at 1:39pm
Ontario Minister of Finance Peter Bethlenfalvy gives a thumbs up as he walks on stage at the Ottawa Board of Trade's Mayor's Breakfast Series, in Ottawa, on Thursday, March 28, 2024. THE CANADIAN PRESS/Justin Tang
Ontario's financial ledger has been a see-saw as of late, with the province reporting large deficits one year, only to break even or come close the next.
This past year has been no exception.
In the 2023 budget, Ontario anticipated a budget deficit of $1.3 billion. But in the final public accounts for the 2023-24 fiscal year, released on Thursday, the deficit came in much smaller at only $600 million.
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