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 April 7, 2022, Finance Minister Siobhán Coady tabled Newfoundland and Labrador’s 2022-23 budget (NL Budget 2022).
The budget’s estimates show that the province projects a deficit of $400 million for the 2021-22 fiscal year, compared to a $826 million deficit projected for the same fiscal year in the previous budget.
The government anticipates balancing the budget by 2026-27.
Projections for the next five fiscal years are as follows:
| Year | Projected surplus/ (deficit) |
| 2022-23 | ($351 million) |
| 2023-24 | ($309 million) |
| 2024-25 | ($270 million) |
| 2025-26 | ($74 million) |
| 2026-27 | $82 million |
Visit our Budget 2022 hub to learn more about all federal and provincial budgets.
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