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TORONTO – Ontario Finance Minister Peter Bethlenfalvy (pictured) delivered a fall economic update earlier this month, saying the province “finds itself in a very different place than it did seven years ago” due to the onslaught of U.S. tariffs. Nevertheless, he said the deficit this year is now projected at $13.5 billion, compared to a projected $14.6 billion in the spring budget.
The smaller deficit comes amid higher-than-expected revenue for 2025-26 of $223.1 billion – $3.2 billion more than forecast in the spring budget. The province says the increase is driven mainly by stronger tax revenue and broader public sector revenue.
Primary care
The province reiterated its commitment to investing in healthcare, with primary care at…