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HomeNewsNipissing MPP says Ontario's economic growth should have people worried

Nipissing MPP says Ontario’s economic growth should have people worried

MPP Vic Fedeli says Ontarians should be worried about the latest report on growth. Ontario’s economic growth was only point two percent in the second quarter and for the year, growth is forecast at only point seven percent.

Fedeli says this is bad news because the Wynne Liberals based this year’s budget on 2.2 percent growth. Faced with very poor growth, Fedeli says there’s no way the Liberals can balance their budget next year like they promised unless they raise taxes.

He says if they don’t raise taxes, then only one option remains. Fedeli says they will continue to sell assets, which is how they will artificially balance the budget in Ontario. Fedeli says while selling government-owned assets eliminates the deficit, its back in no time, since the Liberals won’t curb their spending.

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