Budget 2022

2022 Ontario budget summary

29 Apr 20221 min read

Contents

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: 

Year	Projected surplus/(deficit)
2022-23	($19.9 billion)
2023-24	($12.3 billion)
2024-25	($7.6 billion)

Visit our Budget 2022 hub to learn more about all federal and provincial budgets.

Insights

Get the latest insights in your inbox.

Subscribe to receive relevant and timely insights and event invitations.

2022 Ontario budget summary

Want to learn more? Let's talk.

Related content

Insights