LIBERALS TAKING RELATIVELY OPTIMISTIC TONE ON ONTARIO REVENUE GROWTH

Mar 03, 2016

By Michael Kramer

Share on

Ontario’s Financial Accountability Office says the Wynne government is relying on “relatively optimistic” assumptions for revenue growth – in its budget projections.

Chief economist David West says the Liberals will probably find it challenging – to maintain balanced budgets beyond 2017-18.

In the recent budget, the government said that it plans to eliminate the 5.7-billion-dollar deficit in 2017-18, and expects to stay in the black the following year.

The F-A-O’s West points out that – while the government projects total revenue to increase an average 5.1 per cent a year to 2017-18, that number is much higher than the average annual growth over the past four years.

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: