On April 28, 2022, Finance Minister Peter Bethlenfalvy tabled Ontario’s 2022-2023 budget (ON Budget 2022).
ON Budget 2022 shows that the province projects a deficit of $13.5 billion for the 2021-2022 fiscal year, compared to a $33.1 billion deficit projected for the same fiscal year in the previous budget.
The province projects a deficit over the next three years as follows:
Read our full Ontario budget summary
Visit our Budget 2022 hub to learn more about all federal and provincial budgets.