The Financial Accountability Office issued a report Thursday that projects Premier Doug Ford’s Progressive Conservatives will have budget surpluses this fiscal year and through 2027-28.
will have budget surpluses this fiscal year and through 2027-28.
That’s just the ninth budget surplus in more than forty years — the most recent one was under finance minister Charles Sousa in 2017 when Liberal Kathleen Wynne was premier. Indeed, last year, the PC government saw an increase in tax revenues of $20.8 billion, which is a greater gain in one year than the tally of the previous five years.
The FAO report comes ahead of Finance Minister Peter Bethlenfalvy’s fall economic statement that will be delivered within the next three weeks.
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