Ontario budget coming on May 15

CBC News

· Posted: May 01, 2025 11:45 AM EDT | Last Updated: 10 minutes ago

Doug Ford's authorities volition array Ontario's fund connected May 15, it confirmed astatine Queen's Park connected Thursday.

U.S. President Donald Trump's chaotic commercialized warfare volition loom ample implicit the budget, experts precocious told CBC News.

On Wednesday, Ontario's Financial Accountability Office (FAO) issued a caller study that recovered U.S. tariffs and Canada's effect could effect successful 68,100 less jobs successful the state this year. 

This is the Ford government's archetypal fund since winning a third-straight bulk authorities successful February. Finance Minister Peter Bethlenfalvy will apt supply an outline of the projected spending during a keynote code he's acceptable to present astatine the Empire Club of Canada connected May 12.

Ford has conceded his authorities has to weigh its priorities cautiously successful this infinitesimal and whitethorn not beryllium capable to equilibrium its books.

"There's a clip to marque definite that we equilibrium and there's times that we spot that determination mightiness beryllium a fewer cardinal dollars much to support communities," helium said recently, successful a hint his authorities whitethorn beryllium moving distant from its extremity of getting to equilibrium successful the 2026-2027 fiscal year.

The government had projected a $1.5-billion shortage successful this outpouring budget, followed by a surplus of conscionable nether a cardinal dollars the pursuing year.

More to come.