Ontario forecasts a fiscal deficit of 16.9 billion Canadian dollars for the 2026-27 fiscal year, compared to a deficit of 13.8 billion Canadian dollars in the March budget. GDP is expected to grow by 0.5% in 2026 and 1.5% in 2027, compared to 1% and 1.7% for March, respectively. The net debt to GDP ratio for the current fiscal year is expected to be 37.4%, compared to 37.7% in March.

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