The Public Accounts show the deficit for the past fiscal year was $2.2 billion lower than projected in 2014 and $600 million lower than the interim projections in the 2015 budget. ...
Tag Archives: deficit
With an extra $1.25 billion coming, Liberals claim a win in transfer fight
The Liberals are calling the announcement Ontario will receive an extra $1.25 billion from Ottawa a good start. ...
Education budget document warns of cuts up to $500 million by 2017
Education Minister Liz Sandals said enrollment has declined to point where more than 600 schools are half empty, and school boards will need to improve efficiency and find savings. ...
More cuts and tax hikes needed for Ontario to balance the books, Conference Board says
Conference Board report projects Ontario will be at least $2.4 billion in the red by 2017-18 and says it needs to raise more taxes or cut spending further to eliminate the deficit by then. ...
Grits beat 2013 deficit target with a little backup
The Liberals came in $1.3 billion below their 2013 budget forecast for the deficit, using reserve funds to trim it to $10.5 billion last year. ...
Ontario, Quebec vulnerable to interest-rate hikes from debts
Ontario and Quebec each spent $10.6 billion last year on interest costs on their huge debts, a number that could rise as the cost of carrying debt is expected to increase, the Fraser Institute warns. ...
Hudak and Fedeli slam Liberals’ deficit plan
PC Leader Tim Hudak and MPP Vic Fedeli revealed more budget documents today, saying they bolster the PC's charge that the government has no plan to balance the budget. ...
Sousa says he can’t meet short-term deficit target
Provincial Finance Minister says last year's deficit ran $400 million lower than projected, but that a revenue shortfall this year will make the deficit harder to contain. ...
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