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Ontario Budget to Be Tabled March 26
Ontario plans a $6.4 billion investment in postsecondary education over four years, shifting toward loans to support innovation and infrastructure, Finance Minister Bethlenfalvy said.
- Peter Bethlenfalvy announced Tuesday that Ontario will table its provincial budget on March 26, focusing on innovation, competitiveness and infrastructure to mitigate economic risks.
- The finance minister said boosting productivity will raise output per worker and per dollar of capital through six key themes, including innovation, competitiveness, housing, trade, talent, and clean energy.
- Spending details include $31 billion in trade-enabling infrastructure and a recently announced $6.4 billion over four years for colleges and universities, with reduced grants and greater emphasis on loans affecting students and Ontario Student Assistance Program.
- Bethlenfalvy said the budget will take a balanced fiscal approach that supports services and infrastructure while maintaining flexibility, reporting the deficit has fallen to $13.4 billion this year.
- The province faces longer-term risks as the provincial financial watchdog found earlier this year a $8.7 billion risk in two years and projected a $7.8 billion deficit in 2026-27 with a $200 million surplus for 2027-28.
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Coverage Details
Total News Sources11
Leaning Left5Leaning Right1Center3Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 33%
11%
Factuality
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