• Minister Sousa brags of fiscal prudence while running $6.7 billion deficit • Government plans on running six years of deficits while simultaneously raising income taxes
Ontario 2018 Budget: Bigger deficits, more spending, higher taxes
TORONTO, ON: The Canadian Taxpayers Federation (CTF) is highly disturbed by the budget released today by the Ontario government. There has been much speculation over the past few weeks over the size of the deficit, which was today revealed to stand at $6.7 billion. But it was also confirmed that the government plans to continue to run deficits for six years or two elections from now.
"The finance minister re-committed in November that his government would balance the budget this year. Now we are learning that instead, there will be a $6.7 billion deficit. They didn't just miss their own target, they blew right past it. It's like they aren't even trying," said CTF Ontario Director, Christine Van Geyn.