Fiscal Watchdog: Ontario Won’t Balance Budget Without Policy Changes

Ontario’s budget deficits will continue indefinitely without new policy measures, the province’s independent fiscal watchdog projected Tuesday, contradicting the government’s forecast of a balanced budget by 2027-28. The Financial Accountability Office projected an $11.1 billion deficit for 2025-26, worsening to $11.8 billion in 2026-27 before gradually declining to $6.3 billion by 2029-30. The analysis marks […] The post Fiscal Watchdog: Ontario Won’t Balance Budget Without Policy Changes appeared first on the deep dive.