Ontario’s finance minister says infrastructure building will ‘not slow down’

CHCH Anchor Taz Boga spoke with Ontario’s Finance Minister Peter Bethlenfalvy following the presentation of the fall economic update Thursday.

The Ontario government plans to balance the books by 2027-28, the same year that the net debt is expected to top half a trillion dollars.

Bethlenfalvy says that the goal is ambitious, but that the borrowing is necessary to fund infrastructure projects across the province to avoid falling behind.

He says that the province is not going to slow down on building infrastructure, but Ontario’s revenues and economy are accelerating to stay on track to balance the books.

Boga then asked the finance minister his thoughts following the tabled Liberal fall budget, and his view that it falls short on infrastructure support and tariff relief for the auto sector.

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