Home Informatii Utile Membrii Publicitate Business Online
Abonamente

Despre noi / Contacte

Evenimente Culturale

 

Rom�nii de pretutindeni
Puncte de vedere
Pagina crestinã
Note de carierã
Condeie din diasporã
Poezia
Aniversari si Personalitati
Interviuri
Lumea nouã
Eternal Pearls - Perle Eterne
Istoria noastrã
Traditii
Limba noastrã
Lumea în care trãim
Pagini despre stiintã si tehnicã
Gânduri pentru România
Canada Press
Stiri primite din tara
Scrisorile cititorilor
Articole Arhiv� 2024
Articole Arhiv� 2023
Articole Arhiv� 2022
Articole Arhiv� 2021
Articole Arhiv� 2020
Articole Arhiv� 2019
Articole Arhiv� 2018
Articole Arhiv� 2017
Articole Arhiv� 2016
Articole Arhiv� 2015
Articole Arhiv� 2014
Articole Arhiv� 2013
Articole Arhiv� 2012
Articole Arhiv� 2011
Articole Arhiv� 2010
Articole Arhiv� 2009
Articole Arhiv� 2008
Articole Arhiv� 2007
Articole Arhiv� 2006
Articole Arhiv� 2005
Articole Arhiv� 2004
Articole Arhiv� 2003
Articole Arhiv� 2002


Ontario Releases 2023–24 Third Quarter Finances

Ministry of Finance

TORONTO — Today, the government released the 2023–24 Third Quarter Finances, to provide an update on Ontario’s economic and fiscal outlook since the release of the 2023 Ontario Economic Outlook and Fiscal Review (also referred to as the Fall Economic Statement, or FES).
While inflation-related pressure has eased slightly across the province, high interest rates and unpredictable consumer price inflation continue to pose risks to the province’s economic outlook. In spite of this, Ontario’s economy is expected to see continued growth in 2024.
“Ontario’s economy is continuing to grow, largely driven by the hardworking people in every corner of this province,” said Peter Bethlenfalvy, Minister of Finance. “As this year unfolds, our government will continue to take a prudent, responsible approach to managing Ontario’s finances, ensuring there is capacity to respond to economic headwinds while continuing to invest in building Ontario’s future.”
Real GDP growth has been slowing, in part due to the impact of higher interest rates. Following a 0.4 per cent increase in the second quarter of 2023, Ontario’s real GDP was unchanged in the third calendar quarter of 2023.
The 2023–24 Third Quarter Finances projects a deficit of $4.5 billion in 2023–24, an improvement of $1.1 billion compared to the outlook published in the 2023 Fall Economic Statement. The improvement to the deficit is primarily due to increased revenue and lower interest on debt expense. The 2023 Budget published in March 2023 projected a deficit of $1.3 billion.
The outlook for revenue in 2023–24 is projected to be $202.7 billion, $0.9 billion higher than forecast in the 2023 FES. Increases in revenues since the 2023 Ontario Economic Outlook and Fiscal Review mainly reflect stronger than expected Broader Public Sector revenues, slightly higher taxation revenue and transfers from the Government of Canada.
Overall program expense in 2023–24 is projected to be $193.4 billion, $0.4 billion higher than forecast in the 2023 FES. Increases in program expense since the 2023 FES are primarily due to expense commitments for the health sector and support for the City of Toronto. New commitments announced since the release of the 2023 FES are primarily funded through third-party revenues, lower-than-expected spending and existing contingencies within the fiscal plan.
The government plans to provide its next update by March 31, 2024 as part of the 2024 Budget.

Additional Resources
• Read Ontario’s 2023–24 Third Quarter Finances
• Read the 2023 Ontario Economic and Fiscal Review.
• Read the 2023 Budget.








Colin Blachar    2/13/2024


Contact:







 
Informatii Utile despre Canada si emigrare.
Inregistrati-va ca sa puteti beneficia de noile servicii oferite Online.
Business-ul dvs. poate fi postat Online la Observatorul!
Anunturi! Anunturi! Anunturi! la Publicitate Online

 

Home / Articles  |   Despre noi / Contacte  |   Romanian Business  |   Evenimente  |   Publicitate  |   Informatii Utile  |  

created by Iulia Stoian