Surging revenues will help Ontario get back to black years earlier than previously projected, the province said in its 2023 budget — a fiscal outlook that includes historically high spending and tax relief for businesses, but little in the way of new affordability measures for individuals.
Finance Minister Peter Bethlenfalvy tabled the government’s $204.7-billion budget Thursday, saying it is “rooted in strong fundamentals” and features “real action … to not only face the current turbulence we see in the global economy, but emerge from it stronger than ever.”
It comes amid nearly unprecedented economic circumstances for Ontario: above-target inflation, high interest rates,
