The Canadian Press

2015-11-26 | Ont Economic Update

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Ontario is projecting that its deficit for next year will be 7.5 billion dollars -- one billion less than it predicted in the spring budget. finance Minister Charles Sousa made the announcement this afternoon in the fall economic update. He says non-tax revenue, including the net revenue from the recent Hydro One initial public offering, is projected to be about 1.1 billion dollars higher than in the budget. (The province's net debt is still projected to nearly hit 300 billion dollars by March 31st, though the current projection is now slightly lower than the estimate in the budget.)

Date: 2015-11-26
Placeline: TORONTO.
Source: The Canadian Press
Length: 9 seconds

Transcript Prediction: << make no mistake our government is committed to balancing the books with the speaker by 2017-18 >>


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