SANTA DOUG is to run near 20 billion deficit and hopes to balance by next election.
Ontario’s deficit will rise this year to $19.9 billion, with the Ford government enacting new measures for seniors, low-income workers and auto commuters in a budget that holds out hope the province can return to balance around the time of the next provincial election in 2026.
The deficit for the fiscal year that ended last month is down from an estimated $33.1 billion in the 2021 and $21.5 billion in the 2021 Fall Economic Statement to $13.5 billion.
The 2022 budget says the deficit will fall to $10.8 billion in 2023-24, $6.1 billion in 2024-25, $5 billion in 2025-26 and only $700 million in 2026-2027 once a $1.5 billion reserve is removed.
DOUG'S debt is climbing, he is going to wipe out 15 years of Liberals in just 6 years