Ontario will table its 2023 budget Thursday. Here’s what you need to know
CTV
This is what you need to know about the 2023 Ontario budget being tabled Thursday.
The Ontario Progressive Conservative government is set to table their 2023 budget on Thursday.
Very few details have been revealed as to what will be in the budget; however, the government has been dropping a series of business-friendly announcements over the last few weeks, including a tax credit for manufacturers.
There will also likely be significant investments in health care, long-term and home care, and roadway infrastructure.
Here’s what we know so far:
Finance Minister Peter Bethlenfalvy hinted in February the budget will reflect “restraint” from a government who has previously used this opportunity to launch voter-friendly affordability initiatives. This was reiterated earlier this week, when Bethlenfalvy said his government would take a “responsible, targeted approach” to the budget.
He later clarified this does not mean further financial cuts.
The government will likely look to further reduce the provincial deficit in this year’s budget. The province has previously said it hopes to get the deficit down to $700 million by 2024-2025.
