According to Queen’s Park, the province’s deficit will likely last longer than previously expected. This comes with news that the government is setting up its own infrastructure bank to spur on various projects.
Despite previously expecting a small surplus in 2024-2025, the government is now expecting a $5.3-billion deficit.The province is establishing its own arms-length infrastructure bank, with an initial $3-billion in funds. An extra $100-million will also go into the Invest Ontario Fund, with the aim of attracting business to the province.
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