Ontario Budget

It’s taken about a decade to do it, but the province’s Liberals say the budget is finally balanced, which means Ontario will not run a deficit this year.

But there is still plenty of debt and it’s rising to new heights. The debt is projected to be $312 billion this year, or roughly $22 thousand for every Ontarian and that debt is expected to grow to $336 billion by 2020.

The interest on the debt is the fourth largest spending area of this budget at $11.6 billion.

P.C. leader Patrick Brown says this is not a balanced budget, well NDP leader Andrea Horwath is critical of the budget for failing to do more for health care and for relying on the sale of Hydro one.

A big part of the Liberal budget is a pharmacare plan that will cover medications for people under the age of 25. Lisa Hepfner has more.

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Transit and infrastructure also another big part of the budget. Nicole Martin has more on that part of the budget.

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