Ontario budget 2025 focuses on US tariff protection, boosting alcohol market
On Thursday, Ontario Premier Doug Ford and Finance Minister Peter Bethlenfalvy unveiled a $232.5 billion budget, titled “A Plan to Protect Ontario,” that will run a deficit of $14.6 billion for the 2025 fiscal year, a significant increase of $10 billion from earlier estimates.
Budget includes $5 billion “Protect Ontario account,” designed to help businesses weather the economic storm created by Trump’s tariff war.
Ontario plans to spend hundreds of millions of dollars boosting the province’s alcohol sector, including programs to support grape farmers, wineries, distilleries and craft breweries.
Plus, health care spending this year will account for 39 per cent of all government costs — sitting at $91.1 billion. Education is the next largest category with a price tag of $21 billion, or 18 per cent.
Colin D’Mello has the details.
For more info, please go to https://globalnews.ca/news/11179754/ontario-budget-2025/
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