Minister Bethlenfalvy (File photo - ON Govt. Youtube)
Ontario is projecting a $9.8-billion-dollar budget deficit for the coming fiscal year.
The deficit for 2024-25 is almost double what the province projected in the fall economic update, and a return to surplus is not expected until 2026.
Finance Minister Peter Bethlenfalvy acknowledged the challenging economic times as he tabled a provincial budget on Tuesday that contains few new affordability measures.
New money in the budget includes an additional two-billion dollars over three years for home and community care, a 200-million-dollar community sport and recreation infrastructure fund, and more money for autism therapies.
We will be speaking with MPP For Lanark-Frontenac-Kingston John Jordan today to ask him how the budget will impact us locally.
(The Canadian Press)
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