Ontario’s fiscal watchdog The deficit is $5.4 billion less than the most recent figure estimated by the government.
financial accountability office The U.S. said it reached its deficit figure of $8.1 billion after reviewing government spending and finding that the province spent less than planned on all programs.
The government had projected a deficit of $13.5 billion in its most recent budget.
The Sentinel report published today found that the province spent $7.2 billion less than planned in the last fiscal year.
There was also a balance of $1.8 billion in an unconnected contingency fund.
The FAO says the savings will go to reduce the province’s budget deficit and net debt.
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