Ontario's deficit was $7.4B last year - far lower than the Ford government claimed it was - 2019-09-13
Last year's deficit was $7.4 billion, according to the 2018-19 public accounts, released Friday by the province. Officials are attributing the drop in the deficit to better than expected revenues because of a hot economy, and lower than expected expenses.
In August 2018, the Ford government said the 2018-19 deficit was running at $15 billion. The government trimmed that projection to $14.5 billion in November when it released its fall economic statement.