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Fedeli dismisses Liberal achievement with deficit

The Tory MPP for Nipissing is critical of how the Wynne Liberals are working their way toward a balanced budget.  The Liberals now show a deficit of $1.9 billion and still claim they will balance the budget next year.  But Vic Fedeli says the Liberals are using one-time revenue to wipe out the deficit and once that money is used up, we’ll again have a deficit.   Fedeli says even the Financial Accountability Officer recognizes this and he paints a gloomy financial picture.  Fedeli told Moose News the FAO believes we’ll see growing deficits for the next five years.  Fedeli says the Liberals are lowering this year’s deficit by taking money out of reserves and using cash from the sale of Hydro One and land transfer taxes.

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