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WATCH: Province revises deficit targets
This year it's been lowered but other short-term goals might not be reached.
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Ontario's finance minister has announced a revised deficit number. It's now at $11.3 billion, down by $400 million.

And while Charles Sousa says the province will still balance its books by 2017-18, there may be some bumps in the road.

Sousa told a Canadian Club luncheon that interim deficit targets over the next one-to-two years may not be met because of slowing economic growth and federal funding cuts to the province.

The finance minister wouldn't say if the province plans to table a balanced budget by raising taxes or service or funding cuts. However, in his speech he rejected tabling an austerity budget with a tight hold on spending.

He says the province should focus on long-term goals.

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3 0


Ontario's finance minister has announced a revised deficit number. It's now at $11.3 billion, down by $400 million.

And while Charles Sousa says the province will still balance its books by 2017-18, there may be some bumps in the road.

Sousa told a Canadian Club luncheon that interim deficit targets over the next one-to-two years may not be met because of slowing economic growth and federal funding cuts to the province.

The finance minister wouldn't say if the province plans to table a balanced budget by raising taxes or service or funding cuts. However, in his speech he rejected tabling an austerity budget with a tight hold on spending.

He says the province should focus on long-term goals.

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