Ontario Tables Biggest Budget Ever at $204 Billion, Forecasts Small Surplus by 2024–25

Ontario Tables Biggest Budget Ever at $204 Billion, Forecasts Small Surplus by 2024–25
Ontario MPPs sing the national anthem as the Ontario Legislature holds a midnight session in Toronto on Sept. 17, 2018. Chris Young/The Canadian Press
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Ontario’s provincial government released its 2023 budget totalling $204 billion, with money earmarked for highway expansion and construction, transit, hospital infrastructure, child care spaces, and capital grants.

The budget forecasts a small surplus of $200 million in 2024–25, three years earlier than forecast in the 2022 budget. The province will start the fiscal 2023–24 year next month with a $1.3 billion deficit.