Provincial deficit lower than expected

Posted Mar 28, 2011 06:06:43 AM.

This article is more than 5 years old.

The Canadian Press has learned that Ontario is cutting its deficit spending by 4.7 billion dollars over three years.

A senior source said that the province has borrowed 3 billion dollars less than expected and will borrow 1.7 billion less over the next two years.

The figures will be in Tuesday’s budget. Tune into 1310 News for full budget coverage with senior business editor Mike Eppal.

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