Ontario forecasts nearly $10 billion deficit in 2024 budget Ontario is projecting a nearly $10 billion deficit next year, blaming sluggish growth and declining tax revenues for pushing the province further into the red. But the province's 2024 budget, tabled on Tuesday, also outlines plans for billions in new spending on infrastructure and targeted investments to spur development of the lucrative Ring of Fire mineral deposit and support training initiatives for skilled tradespeople. https://www.qpbriefing.com/news/ontario-forecasts-nearly-usd10-billion-deficit-in-2024-budget