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Ontario will have $15B deficit, not the $6.7B the Liberals projected: finance minister
4 monthes ago - By National Post
TORONTO - Ontario's finance minister says an independent commission that probed the province's books has found the government ran a multi-billion-dollar deficit in the last fiscal year.
In a speech to the Economic Club in Toronto - his first major address since becoming finance minister this summer - Vic Fedeli says the previous Liberal government did not balance the budget as it reported.
Fedeli says that with the commission's findings factored in, the province's public account shows a $3.7 billion deficit in 2017-18.
He further says the province will run a $15-billion deficit this fiscal...
Read more ...NewsAlert: Finance minister challenges past government's budget numbers
4 monthes ago - By National Post
TORONTO - Ontario's finance minister says an independant commission that probed the province's books has found the government ran a multi-billion-dollar deficit in the last fiscal year.
In a speech to the Economic Club in Toronto - his first major address since becoming finance minister this summer - Vic Fedeli says the previous Liberal government did not balance the budget as it reported.
Fedeli says that with the commission's findings factored in, the province's public account shows a $3.7 billion deficit in 2017-18.
He further says the province will run a $15-billion deficit this fiscal...
Read more ...
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