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  • Ontario will have $15B deficit, not the $6.7B the Liberals projected: finance minister

    9 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

    NewsAlert: Finance minister challenges past government's budget numbers

    9 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 ...