Ford Government’s First Fiscal Update Shows Ontario Cut Deficit to $14.5 Billion

Ford Government’s First Fiscal Update Shows Ontario Cut Deficit to $14.5 Billion
Ontario Premier Doug Ford stands at the podium during a press announcement at the Queens Park Legislature in Toronto on Aug. 9, 2018. THE CANADIAN PRESS/Chris Young
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Ontario’s Progressive Conservative government says it has cut the province’s deficit by $500 million, bringing the figure down to $14.5 billion in its first few months in office.

The change is announced in the government’s Fall Economic Statement for 2018-2019, its first major fiscal update since winning the spring election.