Provincial Budgets and Economic Statements

P.E.I government projects a slight increase in its deficit to $98 million in FY 2023-24.

Nova Scotia made clear choices in Budget 2023

Ontario expects to balance its budget three years ahead of schedule

Government projects a $160-million deficit in 2023-24 on the expectation the 2022-23 revenue windfall will partially reverse. Stronger economy to put budget back into surplus in 2024-25. 2022-23 initial deficit forecast revised to a large $784 million surplus. The province’s indebtedness position has drastically improved over the pandemic. But the debt load is still the […]

Like other resource-producing economies, booming commodity markets put Saskatchewan in a solid financial position in Budget 2023

The pandemic crisis may be in the rear-view mirror but Quebec still has a penchant for big budgets

New Brunswick projects a small surplus of $40.3 million in FY 2023-2024. Tax cuts and weakening economic environment to shrink revenues in FY 2023-2024 (-1.8%) before picking up again towards the end of the planning horizon. Budget 2023 dedicates $1.0 billion in capital spending for FY 2023 – 2024 to accommodate its larger population base. […]

Government projects a $363 million deficit in FY 2023 – 24.

B.C returns budget to deficit, estimating a $4.2B shortfall this year.

After an impressive turnaround, Alberta’s 2023 budget included more optimism for the province.

The Quebec government used the latest update on its fiscal situation as another opportunity to help Quebecers cope the rise in the cost of living.

Budget shortfall cut by more than a third this year and nearly eliminated by 2024-25. Last year’s revenue spurt continues to set a more positive base. Provincial government assumes a mild recession in 2023. The province’s net debt-to-GDP ratio is now tracking below pre-pandemic levels. As expected, Ontario’s Fall Economic Statement included sizable downward revisions […]