Budget Claims Can’t Be TrustedAugust 17, 2017
QUEEN’S PARK – The Financial Accountability Officer today provided yet another hit to the fiscal credibility of the Wynne government, Nipissing MPP Vic Fedeli said.
Today the FAO stated “there appears to be significant downside risk to the government’s forecast. As a result, the FAO expects that staying in balance after 2017-18 will require additional fiscal policy measures – that is, new revenues or lower than projected spending.”
The FAO stated if revenues fail to meet the government’s “optimistic” targets, that “renewed deficits” are possible.
The Official Opposition has continued to say the government’s finances are a sham, and once again, independent experts confirm it, added Fedeli.
“To fix the mess they’ve created, after the election, the government will go back to raising taxes, cutting health care, and jacking up hydro rates,” he said. “Some might say math is hard, but this government’s math is downright impossible. Under this government, Ontario families will continue to pay more and get less.”