Mar 26, 20090
Ontario to hit record $14.1B deficit in 2009!
Categories: Economy, Politics
A return to balanced books long after the Libs are in office. 2015 that’s a long way away for a political party to make predictions. Especially one half way through a four year mandate.
Ontario will rack up a record $14.1-billion deficit in 2009 as it commits billions to infrastructure projects and job retraining aimed at pulling the province out of a recession, provincial Finance Minister Dwight Duncan revealed on Thursday in the tabling of his $108.9-billion budget. The fiscal plan also proposes corporate tax cuts to ease costs for struggling businesses and stimulate investment in Ontario’s sagging economy, which has shed hundreds of thousands of jobs in recent years. The budget forecasts a deficit of $3.9 billion ... Read More