Ontario's 2023 Budget: Accelerated Path to Balance
The Province of Ontario released its 2023 budget on March 23, 2023. With the 2023 budget, Ontario is allowing strong revenue growth to accelerate its path to balance, a prudent step in light of mounting economic headwinds. Despite the fiscal improvement, a hefty capital program will keep the debt-to-GDP ratio roughly in line with our previous expectations.
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