FAO: 'SIGNIFICANT RISK' FORD GOVT SPENDING COULD FALL SHORT OF HEALTH, EDUCATION DEMANDS
Dec 09, 2019
By Bob Komsic
The way Ontario’s fiscal watchdog sees it, there’s a ”significant risk” the Ford government’s spending will fall $5-billion shy of what’s required for education and healthcare.
Financial Accountability Officer Peter Weltman says the need for those services will far exceed what’s in
the government’s fiscal plan by 2021-22.
According to his just released economic outlook and budget report, the Ford Conservatives would balance the books by then, instead of its target of 2023-24, if they don’t introduce promised tax cuts that have not yet been implemented.
Weltman points out the government’s introduced program and policy changes he estimates will save $6.6-billion.
However, even after factoring those in, Weltman says the demand for services will be $4.8-billion higher.
The provincial financial watchdog says if the government does not plan to boost spending by $5-billion, it might make more cuts, look for more efficiencies in the delivery of services or underfund current programs.