Queen's Park Observer

Queen's Park Observer

Share this post

Queen's Park Observer
Queen's Park Observer
Bills, bills, bills
Copy link
Facebook
Email
Notes
More

Bills, bills, bills

If you, like me, had hopes that the morning after Spring Fling would be relatively quiet news-wise, think again.

Sabrina Nanji's avatar
Sabrina Nanji
May 16, 2024
∙ Paid
1

Share this post

Queen's Park Observer
Queen's Park Observer
Bills, bills, bills
Copy link
Facebook
Email
Notes
More
Share

ABOVE THE FOLD

If you, like me, had hopes that the morning after Spring Fling would be relatively quiet news-wise, think again. There’s loads to dig into:

BIG BILL — Ontarians may have to hold out a little longer to get back in the black. That’s the upshot from the budget watchdog’s latest analysis of the Ford government’s spring budget, which charts a path to balance by fiscal 2026-27 (just in time for the next scheduled election).

But according to Financial Accountability Officer JEFFREY NOVAK’s numbers, the budget hole won’t be closed until two years later in 2028-29, when the watchdog predicts the province will run a $1.8-billion surplus.

Meanwhile for 2023-24, the FAO is projecting a smaller deficit of $900,000 compared to the $3 billion shortfall the PCs forecast in the budget.

The discrepancy is mainly thanks to lower-than-expected revenue and spending. Ongoing geopolitical uncertainty and inflation rates are also a factor.

Oppo Finance critic CATHERINE FIFE called it “repeated…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Sabrina Nanji
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More