Ontario’s new finance minister says the previous Liberal government has saddled the province with a $15 billion deficit this year, more than $8 billion larger than indicated in the former government’s budget this Spring. Finance Minister Vic Fedeli announced the figure Friday morning in revealing the results of an independent inquiry into accounting practices under the Liberals. “The hole is deep and it will require everyone to make sacrifices without exception,” said Fedeli in a speech delivered to a business audience in Toronto. CBC
