Liberal budget another expensive shell game

April 27, 2017

QUEEN’S PARK – The Government presented its budget today in the Legislature. Despite claims of the government achieving budget balance, the PC Caucus highlights that an operational deficit of $5 billion has not gone anywhere and has been covered through one-time cash injections and creative accounting, such as adding $500 million in pension assets to the equation despite the Auditor-General’s advice not to.

 

“The Financial Accountability Officer called the government out on their balanced budget statements from day one” MPP McDonell stated. “Once again, we see government rhetoric hitting a wall of hard facts – the Liberals are spending more than what they earn and making Ontarians pay by cutting services such as rural education, raising the cost of living through higher fees and cap-and-trade and selling valuable public assets such as Hydro One to cover the deficit. This can’t continue. The government must realize that the needs of Ontarians in overcrowded hospitals, seniors in cold and dark homes, students in schools facing closure and families struggling to make ends meet come before the interests of Liberal friends and failed idealistic policies that cause us nothing but misery”

 

The budget included:

  • Cuts to the Ministries of Agriculture, Northern Development and Economic Development
  • A slowdown in GDP and employment growth
  • A total provincial debt up by $10 billion to $311.9 billion – over $22,000 for every man, woman and child in Ontario

 

“Ontarians deserve the truth, not government electioneering” MPP McDonell stated. “In the past few months, they used public money to poll Ontarians and find the path of least resistance to squeeze even more money out of us. They had the audacity to ask Ontarians whether they supported raising the HST, which the federal conservative government had previously reduced – as if our cost of living wasn’t high enough already. The Government has no plan to tackle a debt load the interest on which costs us almost $1 billion a month – more than any ministry except health and education, and credit rating agencies are losing patience. Yet all this government does is try to dupe Ontarians in order to survive the next election. Ontarians’ hard-earned dollars are being mismanaged, and our residents are fed up”.