Ontario projects improving deficits, but cautions economic uncertainty

المملكة العربية السعودية أخبار أخبار

Ontario projects improving deficits, but cautions economic uncertainty
المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين
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Under faster economic growth Ontario could see a $9.2-billion surplus in 2024-25, and under a slower growth, the deficit that year could be $8.5 billion

TORONTO — Ontario is projecting improving deficits over the next couple of years, despite an expected economic slowdown, nearly coming to balance in two years.

Government officials say a nearly $7-billion improvement in this year's deficit from the spring budget is largely due to higher nominal GDP and inflation. That wide range of possibilities comes not long after Finance Minister Peter Bethlenfalvy announced that the province ended the 2021-22 fiscal year with a $2.1-billion surplus, a far cry from the $33-billion deficit projected in the previous budget.

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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