Public Accounts 2023-24

The Ontario government recorded a $0.6 billion deficit for the fiscal year ended March 31, 2024, compared to a forecasted deficit of $1.3 billion in the 2023 Budget. This nearly $700 million improvement resulted from a combination of higher revenues, increased program spending and lower-than-planned interest on debt expense.

Our government is also delivering on our promises made in the 2023 Budget: Building a Strong Ontario as shown through the recently released 2023-24 Public Accounts report which includes major investment increase of:

• +22.9% Increase in Infrastructure investments to build, repair and revitalize roads, public transit, waterways and other infrastructure required to build more homes.
• +8.9% Increase in Health Sector investments to connect all Ontarians to the healthcare they need, where and when they need it.
• +7.6% Increase in Education to build, repair and modernize schools across the province, creating more student spaces, better learning opportunities and new sports facilities.

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