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Ontario's watchdog says budget won't balance until at least 2030, not 2027-28 as claimed.
Ontario's financial watchdog projects the province won't balance its budget by 2027-28 as claimed by the Ford government, instead estimating it may not achieve balance until at least 2030.
The forecast cites slower economic growth due to U.S. tariffs affecting exports and reduced business investment.
Despite the government's assertion that it remains on track to balance the budget, the watchdog's outlook shows a continued deficit, with $9 billion projected by 2029-30.
The finance minister's office maintains the government's fiscal plan is sound and on course.
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El vigilante de Ontario dice que el presupuesto no se equilibrará hasta al menos 2030, no 2027-28 como se afirma.