Report shows that Charles Sousa and the Liberals are lying about their deficit

Published on May 02, 2018

Financial Accountability Officer backs up the Auditor General

This morning, the second independent Legislative officer in a week released a scathing report showing the Liberals’ budget numbers can’t be trusted. The Financial Accountability Office released a report showing that Ontario’s budget deficit is actually $11.8 billion instead of the $6.7 billion figure reported by Charles Sousa and the Wynne Liberals.

And while Sousa continued to insist that he'd balanced the budget in 2017-18, the FAO report concluded that there was actually a $3.6 billion deficit. "The budget was never really balanced," said Mississauga-Lakeshore PC candidate Rudy Cuzzetto. "Sousa and the Liberals made up their own accounting rules, and treated losses as assets. As the Auditor General said, that's like you treating your credit card debt as an asset in your books. Does that sound right to you?"

“Kathleen Wynne and the Liberals are untrustworthy. They will do, say, or promise anything to cling to power,” said Ontario PC Finance Critic Vic Fedeli. “When it comes to a dispute between the Financial Accountability Officer and the Auditor General versus the Wynne Liberals, we will always side with the independent experts.”

The Financial Accountability Office also agreed with the Auditor General’s pre-election report, which found that Ontario’s deficit is actually 75 per cent higher than the Liberals are telling the people of Ontario.

“Kathleen Wynne and the Liberals cooked the books. They aren’t telling the people of Ontario the whole story. They’re trying to bury the true costs of their scandal, waste, and mismanagement,” added Fedeli.

“An Ontario PC government led by Doug Ford will respect the taxpayer. We will commission a full audit of the government’s books and will deliver responsibility, accountability, and trust back to Queen’s Park.”