Ontario Budget Reveals Debt Surge and Industry Support Measures

Wednesday, May 21, 2025, 5:20 am

Ontario’s provincial budget announcement by the Ford government has sparked contrasting reactions. Official forecasts warn that the province’s net debt could exceed half a trillion dollars by 2027, while local wineries and breweries warmly welcome targeted fiscal measures such as the Ontario Grape Support program designed to bolster the industry amid economic uncertainty.

torontosun.com / OPINION: Ford government failed to keep fiscal powder dry — now Ontarians will pay the price

The Ford government last week released its 2025 budget — it’s first since getting re-elected for a third term — and once again failed to balance the books, resulting in more borrowing and more debt on the backs of Ontarians. Premier Ford is quick to blame Trump’s tariffs for Ontario’s fiscal woes,…

globalnews.ca / Ontario’s debt to cross half-a-trillion dollars in 2027: Ford government budget

Finance Minister Peter Bethlenfalvy's budget laid out the province's medium-term projections, which showed Ontario's net debt is expected to reach $501.7 billion in just two years.

citynews.ca / Ontario wineries, breweries celebrate provincial budget support amid industry uncertainty

Ontario’s vintners and brewers are thrilled with the support provided by the province in its latest budget, saying it helps stabilize the industry in uncertain times. The province is set to launch the Ontario Grape Support program that will double the percentage of Ontario grapes in blended wine. …

permalink / 3 stories from sources in 5 hours ago #provincial #economy #budget #ontario

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Ontario Budget Reveals Debt Surge and Industry Support Measures

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