The State of Ontario’s Finances

Cutting through the fog ahead of the 2019 budget
January 10, 2019
342.09 KB12 pages

In advance of the Ford government’s first Ontario budget, this report examines the fiscal implications of the government’s actions so far, and the contradictions between those actions and repeated declarations on the need for fiscal prudence. The 2019 Ontario budget will reveal where this government is taking public services and finances. While the Ford government has announced that balancing the budget and reducing the province’s debt is a top priority, it has reduced revenues rather than increase them. This report outlines Ontario's spending, revenue, and deficit ahead of the 2019 provincial budget.