McGuinty Liberals Make Families Wait Until Last Possible Moment for Fall Economic Statement

November 15, 2010

News

Given his record of hiking taxes, killing jobs, and doubling the provincial debt through costly scandals and failed energy experiments, it’s not surprising that Dalton McGuinty would want to keep his Fall Economic Statement a secret from Ontario families. By Dalton McGuinty’s own law, the Government is supposed to deliver an economic outlook and fiscal review by November 15.

The Fall Economic Statement is an important means of letting hard-working Ontario families, businesses and investors know what’s happening in the provincial economy so they can plan for the year ahead. Delaying the update will do nothing to restore confidence. Ontario families deserve to know what the McGuinty Government is doing to wrestle its out-of-control spending, record deficits and debt, and why they have waited until the last possible moment to provide an update.

In the next provincial election, Ontario families will have a clear choice between Dalton McGuinty, whose high-taxing, big-spending Government can’t live up to its own laws, and a Tim Hudak Ontario PC Government that will bring greater accountability and give families a much-needed break.

Quotes

“Given their record of hiking taxes and doubling the debt through costly scandals and failed energy experiments, it’s no wonder the McGuinty Liberals want to keep their Fall Economic Statement a secret from Ontario families.”

–Ontario PC Leader Tim Hudak

“In the next provincial election, Ontario families will have a clear choice between the high-taxing, big-spending, job-killing McGuinty Liberals who can’t live up to their own laws, and an Ontario PC Government that will bring greater accountability and provide families with a much-needed break.”

– Ontario PC Leader Tim Hudak

Quick Facts

Section 6(1) of the Fiscal Transparency and Accountability Act states: Each year on or before November 15, the Minister shall release a mid-year review of the fiscal plan. 2004, c. 27, s. 6 (1).
Ontario has lost 41,000 private sector jobs since the HST was introduced on July 1st.
In a survey released by the CFIB in November 2010, 58 per cent of firms said they are pessimistic about the future of the provincial economy and 87 per cent of businesses don’t believe the Liberals are telling the whole economic story. (www.cfib.ca/on)
In a report released by the Fraser Institute in October 2010, Dalton McGuinty was ranked as the worst fiscal manager amongst all Canadian Premiers.
Even during the global economic downturn of 2008, the McGuinty Government still presented a Fall Economic Statement to the Legislature in October.