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HomeNewsLiberal budget pegs deficit at $12.5 billion

Liberal budget pegs deficit at $12.5 billion

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The Liberals have brought down another budget.  They’re proposing a 10-year plan they say invests in people and infrastructure.  To that end they want to spend $130-billion on infrastructure over the next decade.  The breakdown includes $15 billion on transportation for the GTA and $14 billion for the rest of the province and about 11 billion dollars apiece for health and education.  The Wynne government is also forcing Ontarians to save by introducing a mandatory pension plan similar to the CPP.  That means workers and their bosses will contribute to the fund.  The budget will result in a $12.5 billion deficit and the province has now accumulated $289-billion in debt.

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