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WATCH: Province revises deficit targets

This year it's been lowered but other short-term goals might not be reached.


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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  1. Frankie posted on 04/03/2014 05:19 PM
    Sousa refers to "bumps" in the road. I'd describe them as earthquakes. He refuses to table an austerity budget. How could he if he wants to balance the books and "steal" billions from taxpayers and completely mismanage the province?

    Ontario's per capita debt is 5X that of California. We paid for Don Drummond report yet not one recommendation was adopted.

    He and his fellow Fiberals either lie or suffer from mental retardation or both if they believe the shit that comes out of their mouths.
  2. Mark posted on 04/03/2014 11:05 PM
    What's with these corrupt incompetent and stupid libranos? Why do they send useless Sousa out everyday lately to make announcements or silly budget comments. Are they trying to distract the population?

    Do you liberals really think your piggy teachers union hogs will be enough to keep you in power next election?

    Teachers and their unions = pigs, bullies, selfish, hogs, who are overpaid. Shame these greedy teachers will still stuff liberal campaign offices during the next election to help liberals against the good people of Ontario.
    1. Cindy posted on 04/04/2014 01:17 AM
      @Mark Wow. Why all this hatred for teachers? What did a teacher ever do to you? Did a teacher piss into your cereal this morning or something? Did a teacher fart into your mouth? Or did a teacher rub his genitalia across the nape of your neck and then proceed to wedge his scrotum underneath your armpit? Yes/No/Maybe? Do share. Your team of therapists will want accurate details in order to diagnose your particular brand of mental instability.
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