Ontario records $2.1B surplus despite projected deficit for fiscal year

Ontario records $2.1B surplus despite projected deficit for fiscal year

Ontario records $2.1B surplus despite projected deficit for fiscal year Ford government said last month it was a running a $13.5B deficit for 2021-22 Ontario ended the last fiscal year with a $2.1-billion surplus, while it spent $1.4 billion less than planned in education. The surplus is being used to help reduce Ontario's net debt, which is about $380 billion, and the government says it will pause an automatic pay increase legislators are supposed to get when there is a …