CALL US: 1-800-265-2366
Contact our Office
Ted Arnott - MPP Wellington-Halton Hills
Ted Arnott, MPP, Wellington-Halton Hills
  • Home
  • Survey 2021
  • About
  • Resources
  • Gallery
  • News
  • Contact
November 26, 2015

Ontario’s fall economic statement a shell game, Arnott says

Press Releases 2015

NEWS RELEASE
Ted Arnott, MPP
Wellington-Halton Hills
FOR IMMEDIATE RELEASE
November 26, 2015

Ontario’s fall economic statement a shell game, Arnott says

(Queen’s Park) – Wellington-Halton Hills MPP Ted Arnott is calling the Ontario Economic
Outlook and Fiscal Review, tabled in the Ontario Legislature on November 26th, an exercise in
creative accounting.

“It’s little more than a shell game,” Mr. Arnott charged.

The Minister of Finance is claiming credit for a lower deficit than was anticipated in the 2015
provincial budget last spring. But the Ontario PC Caucus maintains the Government has
achieved that by counting the proceeds of the sale of shares in Hydro One and a reserve fund
that they may still have to spend.

“Even with a $7.5 billion deficit, in effect they’re continuing to borrow over $850,000 an hour,
every hour, every day, 365 days a year,” Mr. Arnott said.

Other key indicators in the fall economic statement should concern Ontarians, Mr. Arnott added.

“Program spending continues to go up, overall spending continues to go up, the debt-to-GDP
ratio continues to go up, all since the budget was tabled in the spring,” Mr. Arnott stated. “Any
way you look at it, it means higher taxes or a higher debt, or a combination of both down the
road.”

“Instead of boasting about progress, the Minister of Finance owes Ontarians an apology,” he
concluded.

For more information visit: http://www.fin.gov.on.ca/en/budget/fallstatement/2015/

– 30 –

Ted Arnott, MPP
Phone: 416-325-3880
Email: ted.arnott@pc.ola.org

MPP Arnott acknowledges work of Ontario Christian Gleaners Time for Morriston bypass is now, Arnott tells Legislature – Speech

Related Posts

Press Releases 2015

Government must commit to Ontario Green Legacy

Press Releases 2015

MPP Arnott urges Government to commit to new Halton Courthouse in upcoming budget

Press Releases 2015

Ontario Government needs to stop holding up creation of Rouge National Urban Park

Press and Media

  • Covid-19 Messages from Ted
  • Newsletters
  • Press Releases
  • Speeches

Recent Posts

  • February 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
Ted Arnott - MPP Wellington-Halton Hills
Copyright © 2017 Ted Arnott, All Rights Reserved

Wellington-Halton Hills Provincial Riding Office

181 St. Andrew St. East,
2nd Floor,
Fergus, ON
N1M 1P9

tel: 519-787-5247
toll free: 1-800-265-2366

ted.arnottco@pc.ola.org

Queen’s Park Office

Room 180, Legislative Building,
Toronto, ON
M7A 1A8

tel: 416-325-3880
ted.arnott@pc.ola.org