Doug Ford’s Ontario PC team is keeping the province’s finances on track while investing in the infrastructure, health care and schools people rely on.
Despite U.S. tariffs and continued global economic uncertainty, Ontario’s PC government is delivering on its plan to protect Ontario by building a more competitive, resilient and self-reliant economy.
Ontario’s 2026–27 First Quarter Finances show the province’s fiscal outlook remains on track with the 2026 Budget. Through prudent and responsible management, Doug Ford and our PC team have put Ontario in a strong position to respond to economic challenges while continuing to invest in the priorities that matter most to people across the province.
Since 2018, Ontario has increased public revenues by $77 billion without raising taxes.
That responsible approach means our PC government can continue moving forward with its $236 billion infrastructure plan to build and expand highways, transit, hospitals, schools and other critical infrastructure, while helping families keep more of their hard-earned money.
Ontario’s strong fiscal management has also helped the province maintain an AA credit rating with stable outlooks from all four major credit rating agencies, providing further confidence in Ontario’s economic and fiscal position.
The First Quarter Finances project revenues of $232 billion, while Ontario’s net debt-to-GDP ratio remains unchanged from the 2026 Budget at 37.7 per cent.
While tariffs and global economic uncertainty continue to create challenges, Doug Ford and our Ontario PC team will stay focused on protecting workers, businesses and jobs, keeping costs down and making the strategic investments needed to strengthen Ontario for the future.
Our plan is working: protect Ontario, keep taxes down and build the most competitive, resilient and self-reliant economy in the G7.