Budget 2018 contains some big-ticket spending initiatives, aimed at improving affordability for families. However, these new initiatives come with a substantial price tag. While socially admirable, the plan is fiscally risky.
Ontario Budget 2018
Ontario Budget 2018
Provincial Economic Analysis
$0.00
- Ontario will have a balanced budget, but only briefly.
- Spending will increase across nearly every category, with large hikes in the big three areas of health care, education, and social services.
- These new spending commitments will increase program spending growth between 2018–19 and 2020–21. With revenues growing more slowly over the same period, the province will remain in deficit throughout the forecast period.
- To lessen the impact of revenue decreases, the province made some minor changes to personal income taxes and small business taxes.
Customers Who Downloaded This Also Liked
13 min read
13 min read
9 min read
10 min read
Require an accessible version of this research?
Upon request, Signal49 Research offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
