Ontario has posted a deficit every fiscal period for the past five years, according to data released by Ontario's Ministry of Finance. The province went from a budget deficit of $19.3-billion in 2009-10 to $11.3-billion in 2013-14.
Sources within the government said Monday that another shortfall will be announced with the budget later this week. The shortfall is expected to be significantly more than the $10.1-billion deficit that was previously forecast for this year.
Ontario's fiscal balance
SOURCE: Ontario Ministry of Finance
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