Provincial Budgets and Economic Statements

Manitoba Budget 2024: Deficit cut in half but debt burden continues to grow

April 3, 2024

The provincial debt burden is expected to be the heaviest on record, reaching 39.1% of gross domestic product by fiscal 2025-26.

Ontario Budget 2024: Balancing priorities, not the books

March 27, 2024

Province anticipates $9.8 billion deficit, scrapping last year’s plan for a surplus ($200 million) in 2024-25. Return to balance has...

Newfoundland and Labrador Budget 2024: Higher spending leads to another year of deficits

March 22, 2024

Newfoundland and Labrador projects a $152 million budget shortfall in 2024-25, scrapping surplus plans for the upcoming fiscal year. Revenues...

Saskatchewan Budget 2024: Record spending ends surpluses

March 21, 2024

A $483 million deficit now replaces the previous billion-dollar surplus projection in 2023-24 after an unexpected surge in crop insurance...

New Brunswick Budget 2024: Planning a surplus for the seventh year in a row

March 20, 2024

New Brunswick projects a $41 million surplus in 2024-25—marking the seventh year it’s kept the books in the black.

Quebec Budget 2024: Red ink as far as the eye can see as deficit hits record

March 13, 2024

Quebec expects deeper budget deficits over the next six years and delays plan to return to a balance to 2029-2030.

Prince Edward Island Budget 2024: Affordability and healthcare remain priorities

March 1, 2024

E.I. deficit to linger around the year-ago level ($86 million) in fiscal 2024-25 with no plans for balance over the fiscal planning horizon.

Alberta Budget 2024: Keeps fiscal surplus and lowest provincial debt burden

March 1, 2024

Alberta’s government announced its fourth consecutive budget surplus, predicting $367 million in fiscal 2024-25.

Nova Scotia Budget 2024: More investment in healthcare at the expense of fiscal health

March 1, 2024

Nova Scotia is expected to run a $467 million deficit in fiscal 2024-25 after surprising with a balanced budget in 2023-24.

B.C. Budget 2024: Projected deficit doubles from 2023 as spending is prioritized

February 23, 2024

New rebates and tax credits prevent revenue from surpassing the fiscal 2022-23 level ($82 billion), driving a wedge between revenue and expenditure.

Quebec maintains path to balance despite weakening economic backdrop

November 8, 2023

Quebec’s bottom line over the fiscal planning horizon is unchanged from that set out in Budget 2023.

Ontario fall fiscal update strikes a more sombre tone

November 2, 2023

Ontario boosted its deficit projection from $1.3 billion to $5.6 billion this fiscal year despite expecting slightly stronger economic growth since Budget 2023.