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Ontario Runs Bigger Deficit Than Canada... Again!

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Economy

https://www.google.ca/amp/s/www.cbc.ca/amp/1.5017415

 

Canada's Federal budget is coming in better than expected with a deficit now projected around $10 Billion or only 0.4% of GDP

 

Meanwhile the Province of Ontario the Sub-Sovereign Government in the world with the highest debt (even more than California) is once again running a bigger deficit than the Federal Government at $13 Billion 

 

The Highly indebted Province has run bigger deficits than the Federal Government Multiple times and is looking at a possible credit downgrade

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Economy

How does a Province run larger deficits than the Feds I don't get how my Province can be this irresponsible :rip:

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jylee

But Dofo was supposed to balance the budget! Ontarians didn’t vote NDP because they couldn’t balance anything! What about all the efficiencies? 🙄

Cutting services, funding, and programs while at the same time increasing the deficit. What a joke.

Edited by jylee

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Fish

cons. are a joke and a disgrace but hey, the people yall

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Economy
1 hour ago, jylee said:

But Dofo was supposed to balance the budget! Ontarians didn’t vote NDP because they couldn’t balance anything! What about all the efficiencies? 🙄

Cutting services, funding, and programs while at the same time increasing the deficit. What a joke.

I mean they weren't supposed to fix it in one year.

 

And the PC don't even table their first budget until april. This year we're still running on the planning the Liberals had done cuz when election was over the Liberals budget was already set :rip:

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Economy
1 hour ago, Fish said:

cons. are a joke and a disgrace but hey, the people yall

What does this have to do with conservatives? This fiscal year is still running on the previous Liberal Governments budget :rip:

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