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Showing posts with the label Budget OLP

Cash give-aways haven't helped the Liberals so why double down?

T he government has answered the question about who migh t benefit from the improved fiscal situation of the province .  A t least in part. The government's announce ment that they will spend $2.5 billion over three yea rs on hydro subsidies ( an average of  $ 833.3 M per year) takes them further down a road th ey have already tried , without much to show for it .   P remier Kathleen Wyn ne imp licitly confirmed growing government revenue but cautioned that th is latest cash give-away is putting them closer to falling back into deficit.  S he stated : " Thanks to a provincial economy that is leading all of Canada growth, we can make this change and stay on track for a balanced budget next year and the years to follow.  But it’s going to be a lot harder now and we’ll remain a lot closer to the line." So far these sort of cash give-aways have accounted for the large majority of the new, in-year spending that has marked the tentative move away from gove