Ontario's deficit last year was $7.4B - half what Ford claimed - 2019-09-13

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F94.png Ontario's deficit last year was $7.4B - half what Ford claimed September 13, 2019, Robert Benzie, Toronto Star

Ontario's budget deficit was half of the $15 billion the Progressive Conservative government initially claimed after defeating the Liberals last year.

Treasury Board President Peter Bethlenfalvy and Finance Minister Rod Phillips on Friday announced that the final deficit figure for 2018-19 was $7.4 billion.

The Tory ministers said the change — down from an interim $11.7 billion figure disclosed by former treasurer Vic Fedeli who was demoted 10 weeks after his April budget — is due to higher tax revenues and lower than anticipated spending.

Wikipedia cite:
{{cite news | first = Robert | last = Benzie | title = Ontario's deficit last year was $7.4B - half what Ford claimed | url = https://www.thestar.com/politics/provincial/2019/09/13/ontarios-deficit-last-year-was-74b-half-what-ford-claimed.html | work = Toronto Star | date = September 13, 2019 | accessdate = September 14, 2019 }}