An increase in tax revenue allowed the Ontario government to drastically reduce its deficit projections in its latest budget. Read more here
The budget document noted that while this is a positive development, economic concerns still loom large.
Mirroring some of the priorities laid out in its previous budget last April, the Ontario government said it’s advancing its critical minerals strategy with an additional $6 million investment in junior mining exploration projects over the next two fiscal years and reiterated its $1 billion commitment to build infrastructure in the“For too long, Ontario failed to seize its critical minerals opportunity despite the value it can bring the province,” Ontario Finance Minister Peter Bethlenfalvy...
Ford’s government plans to put some of the newly negotiated federal health care transfers to work to remedy ongoing pressures in the province’s healthcare services. Ottawa has made a $4.4 billion down payment and committed $15.3 billion towards incremental health care investments over the next three years to clear surgery backlogs and enhance the healthcare system.Article content
The province said it aims to make it easier for pharmacists to prescribe some over-the-counter presciptions for common ailments starting in the fall, and would dedicate $300 million to raising the contract rate for home and community care workers. It will also put an additional $72 million in fiscal 2023 toward making surgeries available at community surgical and diagnostic centres and spend $80 million to expand enrolment for nursing programs over the next three years.
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Ontario deficit forecast plunges to $2.2 billion from near-$20 billion as budget unveiledAn increase in tax revenue allowed the Ontario government to drastically reduce its deficit projections in its latest budget. Read more here
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