Doug Ford's government is set to unveil Ontario's 2025 budget amidst challenges from U.S. tariffs. Unlike last year's budget, which did not mention tariffs, this year's plan is expected to address them thoroughly. Ford emphasizes a growth-oriented approach, prioritizing infrastructure investment rather than cuts. Key elements include a $9 billion tax deferral for businesses and the proposal of a $5 billion Protect Ontario Account to support industries impacted by tariffs. The budget reflects a shift in strategy to maintain economic stability.
You have two options in a budget. You can start cutting and slashing, which I've never believed in. You have to put money into the economy to keep things going.
All the signals suggest that lens is focused squarely on big spending on infrastructure.
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