Home Ranch News Ontario to Release Fall Economic Statement November 4th

Ontario to Release Fall Economic Statement November 4th

Latest deficit projection slotted at $32.4 billion

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Ontario is set to release its fall economic statement next month.

The economic outlook and fiscal review will provide an update on the provinces finances on November 4th.

Finance Minister Peter Bethlenfalvy says the pandemic elevates the importance of economic statement.

The latest projection for 2021-22’s deficit is $32.4 billion which the provincial government said during the throne speech the road to economic recovery from the pandemic will be done so by growth, not spending cuts or tax hikes.