Doug Ford S Final Budget For Ontario Arrives Today Days Before Elections Begin

Ontarians should see the document as a costly campaign platform by Ford’s Progressive Conservatives, something the party did not produce before winning a majority government in the 2018 election. The Ford government will not approve this economic plan for the province. There just is not enough time to go through the process before next Wednesday, when the Legislature will be dissolved and the election campaign will officially start. If the PCs are re-elected on June 2, they will be able to return this budget to the legislature and then approve it. A senior government official told CBC News that the budget would be “doubled” and would consist largely of figures announced by Ford and his ministers in recent weeks. The Canadian press reports that the budget includes a plan of $ 158 billion for infrastructure over the next decade, including $ 21.5 billion for highway design. These projects include a new twin bridge over the Welland Canal on Queen Elizabeth Way and the widening of Highway 401 in eastern Ontario, starting at Pickering and Oshawa. The government has been announcing billions of dollars worth of future hospital construction and long-term care since early March, along with its previously advertised plans to build new crossing lines and highways. A senior government source told Radio Canada that the budget would also include an extension of the Low Income and Family Tax Credit (LIFT) to include employees earning less than $ 50,000 a year. The credit was first introduced in 2019 and currently applies to approximately 400,000 Ontarians earning up to $ 38,500 per year. News of the government’s intention to expand the eligibility of the tax deduction was first reported by the Toronto Star. Publicly, Finance Minister Peter Bethlenfalvy – whose name appears on rebate checks posted to Ontario drivers after the government’s license renewal fees were lifted – had previously called the plan a vision for a “better, brighter future”.

CBC News will have full coverage on all platforms around 4 p.m. ET

Even if the benefits of a pocketbook have been announced, there are good reasons to be careful when budgeting. Here are some:

The budget will provide a good look at the course of the Ontario economy as it recovers from the COVID-19 pandemic. The document will show how much the government intends to spend on key areas such as healthcare, education, transport and more. We will understand how the Ford government intends to pay for the billions of dollars it has announced in recent months – and there is a possibility that the government will go further as affordability becomes a major issue for more people amid record inflation.

Opposition parties have stated they will not run in the by-elections. Andrea Horwath’s NDP, which unveiled its platform on Monday this week, will offer the clearest comparison at this point. NDP leader Andrea Horwath announced her party’s platform in downtown Toronto on Monday. The NDP says it will provide cost estimates for this platform as soon as it can review Thursday’s provincial budget. (Alex Lupul / CBC)
The NDP platform includes big promises such as universal medical care and mental health support coverage as part of the province’s OHIP project. It also provides cash incentives for people buying electric vehicles and a commitment to increase rates for Ontario Works and the Ontario Disability Support Program by 20%. The price; To determine after the budget table, Horwath promised to know the current state of Ontario’s finances before its team can provide cost estimates. Horwath said earlier this week the COVID-19 pandemic revealed how the government is frustrating Ontario residents by letting them struggle with the cost of living. “For too long, the government has simply not worked for the people and COVID has really exposed this,” he told supporters and candidates. “We can fix what matters most to people.” Steven Del Duca Liberals, meanwhile, are not giving details on when their full platform will be released, other than that it will be out soon. The Liberals have launched some of their own big ticket promises, with a more recent commitment to increase $ 2 billion in basic home care funding by 2026 and build 15,000 more assisted living homes (the Ford government also said this week that he will spend another $ 1 billion on home care for the next three years). Similarly, Mike Schreiner’s Green Party has made many campaign promises, including a climate action plan that includes a number of financial incentives to help Ontarians reduce their carbon footprint, but has not yet set up a cost-effective platform. .

Ontario seems to be well on its way to balancing its budget

The Ontario Bureau of Economic Accountability released a report earlier this month saying the province is currently well on track to balance its budget by next year, but that spending plans could well be changed due to the upcoming election. A new party could be in power after June 2, and even if the Progressive Conservatives win re-election, they have not given a recent update on when they will seek to eliminate the deficit. The FAO forecast a $ 8.7 billion deficit in 2021-22, down from the $ 13.1 billion the government had forecast when Bethlenfalvy released its third-quarter finances earlier this year. At the time, the government was forecasting a net debt of $ 395 billion. The budget was originally due by March 31st, but the government amended the legislation to delay it, a move it said would provide more time to assess the impact of the pandemic recovery.

title: “Doug Ford S Final Budget For Ontario Arrives Today Days Before Elections Begin Klmat” ShowToc: true date: “2022-11-06” author: “Ronald Frasure”

Ontarians should see the document as a costly campaign platform by Ford’s Progressive Conservatives, something the party did not produce before winning a majority government in the 2018 election. The Ford government will not approve this economic plan for the province. There just is not enough time to go through the process before next Wednesday, when the Legislature will be dissolved and the election campaign will officially start. If the PCs are re-elected on June 2, they will be able to return this budget to the legislature and then approve it. A senior government official told CBC News that the budget would be “doubled” and would consist largely of figures announced by Ford and his ministers in recent weeks. The Canadian press reports that the budget includes a plan of $ 158 billion for infrastructure over the next decade, including $ 21.5 billion for highway design. These projects include a new twin bridge over the Welland Canal on Queen Elizabeth Way and the widening of Highway 401 in eastern Ontario, starting at Pickering and Oshawa. The government has been announcing billions of dollars worth of future hospital construction and long-term care since early March, along with its previously advertised plans to build new crossing lines and highways. A senior government source told Radio Canada that the budget would also include an extension of the Low Income and Family Tax Credit (LIFT) to include employees earning less than $ 50,000 a year. The credit was first introduced in 2019 and currently applies to approximately 400,000 Ontarians earning up to $ 38,500 per year. News of the government’s intention to expand the eligibility of the tax deduction was first reported by the Toronto Star. Publicly, Finance Minister Peter Bethlenfalvy – whose name appears on rebate checks posted to Ontario drivers after the government’s license renewal fees were lifted – had previously called the plan a vision for a “better, brighter future”.

CBC News will have full coverage on all platforms around 4 p.m. ET

Even if the benefits of a pocketbook have been announced, there are good reasons to be careful when budgeting. Here are some:

The budget will provide a good look at the course of the Ontario economy as it recovers from the COVID-19 pandemic. The document will show how much the government intends to spend on key areas such as healthcare, education, transport and more. We will understand how the Ford government intends to pay for the billions of dollars it has announced in recent months – and there is a possibility that the government will go further as affordability becomes a major issue for more people amid record inflation.

Opposition parties have stated they will not run in the by-elections. Andrea Horwath’s NDP, which unveiled its platform on Monday this week, will offer the clearest comparison at this point. NDP leader Andrea Horwath announced her party’s platform in downtown Toronto on Monday. The NDP says it will provide cost estimates for this platform as soon as it can review Thursday’s provincial budget. (Alex Lupul / CBC)
The NDP platform includes big promises such as universal medical care and mental health support coverage as part of the province’s OHIP project. It also provides cash incentives for people buying electric vehicles and a commitment to increase rates for Ontario Works and the Ontario Disability Support Program by 20%. The price; To determine after the budget table, Horwath promised to know the current state of Ontario’s finances before its team can provide cost estimates. Horwath said earlier this week the COVID-19 pandemic revealed how the government is frustrating Ontario residents by letting them struggle with the cost of living. “For too long, the government has simply not worked for the people and COVID has really exposed this,” he told supporters and candidates. “We can fix what matters most to people.” Steven Del Duca Liberals, meanwhile, are not giving details on when their full platform will be released, other than that it will be out soon. The Liberals have launched some of their own big ticket promises, with a more recent commitment to increase $ 2 billion in basic home care funding by 2026 and build 15,000 more assisted living homes (the Ford government also said this week that he will spend another $ 1 billion on home care for the next three years). Similarly, Mike Schreiner’s Green Party has made many campaign promises, including a climate action plan that includes a number of financial incentives to help Ontarians reduce their carbon footprint, but has not yet set up a cost-effective platform. .

Ontario seems to be well on its way to balancing its budget

The Ontario Bureau of Economic Accountability released a report earlier this month saying the province is currently well on track to balance its budget by next year, but that spending plans could well be changed due to the upcoming election. A new party could be in power after June 2, and even if the Progressive Conservatives win re-election, they have not given a recent update on when they will seek to eliminate the deficit. The FAO forecast a $ 8.7 billion deficit in 2021-22, down from the $ 13.1 billion the government had forecast when Bethlenfalvy released its third-quarter finances earlier this year. At the time, the government was forecasting a net debt of $ 395 billion. The budget was originally due by March 31st, but the government amended the legislation to delay it, a move it said would provide more time to assess the impact of the pandemic recovery.