This report is a commentary that assesses the impact of an economic downturn on the government’s budget plan.
Based on the FAO’s outlook for slower economic and revenue growth, and incorporating the government’s spending plans, the FAO projects Ontario’s budget deficit would decrease to $10.8 billion in 2019-20, down modestly from $11.7 billion in 2018-19.
This report is a commentary that provides an updated comparison of Ontario government revenue, spending, deficit and net debt with that of other provinces.
In this report, the FAO projects that Ontario’s net debt will increase by $76 billion over the next five years to approximately $392 billion in 2021-22.
This report provides a commentary on the government’s optimistic revenue forecast over the next two years given its spending plans.