TORONTO — Ontario sharply lowered its projected deficit for next year, setting the stage for the government to easily be able to present a balanced budget ahead of a possible spring election.

Earlier this year, the government had forecast a $4.6-billion deficit for 2025-26, but in its fall economic update presented Wednesday, that is now set at $1.5 billion.

Earlier this year, the government had forecast a $4.6 billion deficit for 2025-26, but in its fall economic update, that is now set at $1.5B{ai:summary}<p>Ontario has reduced its projected deficit for 2025-26 from $4.6 billion to $1.5 billion, allowing the government to potentially present a balanced budget before the upcoming spring election. </p><p>This adjustment reflects improved fiscal management and economic conditions. #economy</p>

Ford government moves Ontario closer to balanced budget with early election call possible

Loading...