Canada NewsEconomyNews
What economists are saying about Ontario’s projected $14.6 billion budget deficit
The bank noted that the province will only meet two of its three fiscal anchors in 2025-2026. Net debt-to-GDP and interest on debt-to-revenue ratios of less than 40 per cent and less than 7.5 per cent, respectively, are projected to increase but stay within the province’s self-imposed limits. However, net debt-to-revenue, will blow past the 200 per cent threshold to 211 per cent in 2025-2026.
