Ontario's financial watchdog says deficit 'was never $15 billion' as Doug Ford previously claimed - 2019-10-17

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F0.png Ontario's financial watchdog says deficit 'was never $15 billion' as Doug Ford previously claimed October 17, 2019, Travis Dhanraj, Global News

Peter Weltman, Ontario's financial accountability officer, says the province recorded an actual deficit in 2018-19 of $7.4 billion.

Shortly after Premier Doug Ford was elected he claimed the province was strapped with a staggering $15-billion deficit because of the previous Liberal government's reckless spending.

"It's important for people to understand the official deficit was never $15 billion," Weltman told Global News in an interview on Thursday.

The $7.4-billion figure confirmed the number Treasury Board President Peter Bethlenfalvy and Finance Minister Rod Phillips released in September along with the government's public accounts.

Wikipedia cite:
{{cite news | first = Travis | last = Dhanraj | title = Ontario's financial watchdog says deficit 'was never $15 billion' as Doug Ford previously claimed | url = http://globalnews.ca/news/6047027/ontario-deficit-financial-accountability-officer-report/ | work = Global News | date = October 17, 2019 | accessdate = October 18, 2019 }}