The Government of Ontario has announced the first quarter finances for 2017-2018.
According to a press release from the Ontario Government the province is on track to balance its budget this year. The quarterly finances contain updated details about the province’s current fiscal year. Some of the projections pointed out in the release include; an increase of $145 million in total revenue to $141.8 billion, an increase of $145 million in provincial program expense to $129.6 billion and no change to the interest on debt expense as predicted by the 2017 budget forecast.
Government officials say a balanced budget means better health care, hundreds of thousands of children having access to higher quality childcare and seniors benefiting from new or improved facilities designed to help them stay active and engaged.