Ontario’s deficit for the fiscal year that ended last month is down from an estimated $21.5 billion in the 2021 Fall Economic Statement to $13.5 billion.
Renfrew-Nipissing-Pembroke MPP John Yakabuski says the 2022 Provincial Budget, as introduced in the legislature yesterday (Thursday) includes some significant investments to help Ontario recover after two years of the COVID-19 pandemic.
Yakabuski says there’s funding for schools, hospitals, highways and transit.
In deference to what we owe our seniors, long-term care spending is an important focus.
The 2022 budget predicts the deficit will fall to $10.8 billion in 2023-24, to only $700 million in 2026-2027.
The new Seniors Care at Home Tax Credit will offer tax filers age 70 or up a credit of 25 per cent of medical costs up to $6,000- but only if you make less than 65 thousand a year.
The MPP says the document will be the principal focus of the coming Election campaign.
The election will be called for, and held on, Thursday June 2nd.
