Ontario Economic and Fiscal Update 2022
Budget 2022On November 14, 2022, Finance Minister Peter Bethlenfalvy delivered the 2022 Ontario Economic Outlook and Fiscal Review (the “Fiscal Review”).
On February 24, 2022, Finance Minister Travis Toews tabled Alberta’s 2022-25 three-year fiscal plan (AB Budget 2022).
AB Budget 2022 estimates that the province’s deficit for the 2021-22 fiscal year was $3.2 billion as compared to the $18.2 billion deficit projected for the same fiscal year in the previous budget. The decrease in the deficit is primarily due to rising oil prices.
| Year | Projected surplus (deficit) |
| 2022-23 | $0.5 billion |
| 2023-24 | $0.9 billion |
| 2024-25 | $0.7 billion |
Visit our Budget 2022 hub to learn more about all federal and provincial budgets.
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