This briefing looks at Ontario’s Budget 2013 and the province’s difficult road to reaching a balanced budget by 2017–18.
Ontario Budget 2013
Ontario Budget 2013
Provincial Economic Analysis
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At just under $10 billion, the deficit for 2012–13 is $5 billion better than expected—however, much of this improvement was the result of one-time measures that will not carry forward.
The Ontario government will keep a tight lid on spending in order to achieve a balanced budget by 2017–18. This will be a challenge given the continued pressures on health care spending and rising debt-servicing costs.
The budget introduces a few conciliatory measures aimed at garnering support from the opposition parties.
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