McGuinty can’t blame $14 billion deficit on revenue shortfall

Ontario’s debt is higher than projected in the budget

By Canadian Taxpayers Federation Federal and Ontario Director Gregory Thomas —— Bio and Archives--August 25, 2011

Canadian News, Politics | Comments | Back To Full Article

TORONTO, ON: The Canadian Taxpayers Federation (CTF) says McGuinty is using creative spin to understate Ontario’s debt problems and blaming a non-existent shortfall in tax revenues for the deficit. Ontario’s total debt as revealed in the public accounts yesterday is $286 million higher than forecast in this year’s budget, despite Premier Dalton McGuinty’s boasts of cutting the province’s deficit.

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