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 Darlene Compton tabled Prince Edward Island’s 2022-23 budget (PEI Budget 2022).
The Budget shows a deficit of $26.5 million for the 2021-2022 fiscal year as compared to $112.1 million in the previous budget.
Fiscal results for the next three years are projected as follows:
| Year | Projected surplus (deficit) |
| 2022-23 | ($92.9 million) |
| 2023-24 | ($51.9 million) |
| 2024-25 | ($32.1 million) |
Visit our Budget 2022 hub to learn more about all federal and provincial budgets.
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