TORONTO—Ontario’s finances are in much better shape than Finance Minister Greg Sorbara claims, says an Ontario Alternative Budget (OAB) Technical Paper released today by the Canadian Centre for Policy Alternatives.
According to the report, authored by OAB Co-chair and CCPA Research Associate Hugh Mackenzie, it is well within the government’s capacity to balance its budget in each of the next three years—contrary to the government’s 2006 Fall Update, which projected deficits through 2008-9.