Ontario’s finance minister is set to table his fall economic statement today, which Premier Doug Ford says is an ambitious plan to build highways, hospitals and homes.
Ford also says the economic update maintains his government’s path to balance, which in the spring budget had projected a 9.8-billion-dollar deficit for the current 2024-25 year and 4.6-billion-dollars for next year.
Ford and Finance Minister Peter Bethlenfalvy have already announced two main affordability items from the fiscal update that serves as a mini-budget – a continuation of a cut to the gas tax, and a three-billion-dollar plan to send 200-dollar cheques to every Ontario taxpayer.
Opposition critics have suggested the cheques that are set to be mailed early next year are timed to arrive ahead of a possible spring election.
Written by: The Canadian Press
