“The 2018 budget introduced significant new spending without adequate new revenues to pay for them,” said J. David Wake, the province’s temporary financial accountability officer. We have contingencies.”Both the FAO and the province’s auditor general “have noted that we are very cautious in our assumptions, and that they’re reasonable. Such “severe spending restraint” could lead to balanced books by 2025, the FAO says. The auditor general’s report said the Liberal government has an $11.7 billion deficit this year, not its stated $6.7 billion. “So they did not slay the deficit, as they say,” he said.

Source: thestar May 02, 2018 15:33 UTC