The ink is red and the Tories are blue.
Amid a rapidly slowing economy, Ontario Finance Minister Peter Bethlenfalvy has tabled a record $214.5-billion budget with $9.8-billion deficit for 2024-25 — a staggering $10-billion swing from the $200-million surplus he projected last March.
“It has been a challenging year. Life has rarely been this expensive,” Bethlenfalvy conceded Tuesday in the legislature.
8 highlights from the Ontario budget — and 2 things all drivers will want to know
Premier Doug Ford’s Progressive Conservatives have tabled a $214.5-billion budget with an unexpectedly high $9.8-billion deficit. Here are the highlights…
Ontario deficit will triple as economy weakens, 2024 budget shows
High interest rates are expected to take a toll on Ontario’s economy this year, the province said in its 2024 budget, which includes projections of weak economic growth and a ballooning deficit.
Finance Minister Peter Bethlenfalvy tabled the government’s $214-billion budget at Queen’s Park Tuesday, saying it is investing in housing, roads and public services during a time of uncertainty without raising taxes.
