JARVIS: Ontario Premier Doug Ford spending taxpayer money on self-promotional ads
Taxpayers can’t afford to pay for ads to promote Ford and his party when the government is diving into deep debt and interest charges are soaring
Ontario's Finance Minister Peter Bethlenfalvy announced that the province will present its fall economic statement on October 29. During a breakfast speech to the Canadian Club, he stated that the document will provide an update on the province's financial situation and reveal the next stage of the government's strategy. While he refrained from sharing specific details, Bethlenfalvy emphasized that the approach will remain "focused, disciplined, and responsible" when it comes to spending.
The 2025-26 fiscal year concluded with a $13-billion deficit for Ontario. The Minister informed the audience that this year's deficit is expected to be higher, aligning with the projected $13.8 billion deficit forecasted in the spring budget. The budget for 2026 delayed the province's path to a balanced situation, with the Ministry anticipating financial stability in the 2028-29 fiscal year.
According to Bethlenfalvy, Ontario has managed to withstand the effects of American tariffs better than economists initially anticipated. However, the Minister acknowledged that the sluggish economy is taking its toll, contributing to the current deficit as a necessary measure.
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