Saturday, September 26, 2009

Ontario budget shortfall 6.4 billion rather than 3.9 billion predicted.

It seems that Liberals and Conservatives are equally adept at downplaying deficits in their predictions. However when this happens each is as adept at the other at blaming each other. This is from the Star.

Provincial budget shortfall leaps to $6.4 billion

Ontario keeps spending in line but deficit jumps as corporate revenue falls an `unprecedented' 48%
Sep 26, 2009 04:30 AM
Robert Benzie Queen's Park Bureau Chief
Ontario's budget shortfall last year was $6.4 billion – far greater than the $3.9 billion predicted in March – because corporate tax revenues plunged almost by half, says Finance Minister Dwight Duncan.

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