STATEMENT ON ONTARIO CREDIT DOWNGRADE
July 6, 2015Ontario PC Finance Critic and Nipissing MPP Vic Fedeli issued the following statement
upon news of the S & P downgrade of Ontario’s credit rating today:
“The Wynne Liberals had a chance with the 2015 Budget to listen to the
experts and change direction, but chose not to. Today’s downgrade
acknowledges that Ontario’s deficit has grown from $9.2 billion to $10.5
billion to $10.9 billion under Kathleen Wynne, and that Ontario does not
have a revenue problem, it has a spending problem. It also shows there
are consequences to fiscal mismanagement. Higher borrowing costs mean
less money available for the things Ontarians care about, like health care
and education.”
For more information, or to arrange an interview, contact:
Clint Thomas
Executive Assistant
(416) 325-3434 or (416) 710-1752