TORONTO, ON: The Canadian Taxpayers Federation (CTF) is reminding Ontarians to ignore the spin with the release of the 2012-13 Public Accounts of Ontario this afternoon by Finance Minister Charles Sousa.
“Minister Sousa must getting dizzy with all the spinning he is doing,” said Candice Malcolm, Ontario Director of the Canadian Taxpayers Federation. “He is bragging that spending went down by 0.1 per cent last year, but doesn’t mention how it’s projected to rise by 4.1 per cent this year.”
“The Minister also conveniently forgets to mention how much debt his government has racked up,” said Malcolm. “Since the government was re-elected in 2011, every man, woman, and child in Ontario is on the hook for an additional $2,535 of provincial debt.”
“One-time savings and modest reductions from their own predictions are not worth celebrating,” continued Malcolm. “This government needs to walk the walk and make significant changes to balance its budget.”
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