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Ontario projects $13.8B deficit in fall statement

By Drooid · Oct 29, 2026 · How we work

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Finance Minister Peter Bethlenfalvy tabled a fall economic statement projecting a $13.8 billion deficit.
Ontario ended the 2025-26 fiscal year with a $13 billion deficit, Bethlenfalvy said.
Ontario will match the federal tax break on capital investments for businesses.
Premier Doug Ford announced $1.67 billion for steel and $1 billion for automotive.
NDP Leader Marit Stiles called for cutting cabinet spending in response to the deficit.

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Finance Minister Peter Bethlenfalvy tabled a fall economic statement projecting a $13.8 billion deficit.
Ontario ended the 2025-26 fiscal year with a $13 billion deficit, Bethlenfalvy said.
Ontario will match the federal tax break on capital investments for businesses.
Premier Doug Ford announced $1.67 billion for steel and $1 billion for automotive.
NDP Leader Marit Stiles called for cutting cabinet spending in response to the deficit.