Ontario Budget: Deficit Surges, Surplus Delayed

This is a Ontario news story, published by financialpost, that relates primarily to National Bank news.

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Business & Economics

What economists are saying about Ontario's projected $14.6 billion budget deficit

Summary

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74% Informative

Ontario 's budget projects the deficit for the fiscal year 2025-2026 will rise to $14.6 billion from a previously estimated $ 4.6billion .

The deficit will also come in steeper at $7.8 billion in 2026-2027 , undercutting a previously expected surplus of $500 million .

RBC highlighted infrastructure as the “cornerstone” of the budget, with plans to spend $200 billion over the next decade .

“Ontario plans to play offence and defence,” when it comes to the trade war with the U.S. , National Bank economists say.

Ontario ’s plans to “provide relief and support for businesses” include spending $1.3 billion to lower the input costs for manufacturing over the next three years .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful