March 28, 2011 / 3:15 AM / in 7 years

Ontario to report smaller budget deficit: report

TORONTO (Reuters) - Canada’s most populous province of Ontario will report a smaller-than-expected budget deficit in the 2010-11 fiscal year, the Windsor Star reported on Sunday, citing an unnamed senior source.

Ontario’s government is due to unveil its budget on Tuesday and is under pressure to provide a convincing plan to get rid of its record-high deficit.

The newspaper, part of the PostMedia chain, said the province would report a shortfall of C$16.7 billion ($17.04 billion) in the year ending March 31, down from the C$18.7 billion it forecast in November. The government also sees slightly smaller deficits over the next three years but will uphold its plan of returning to surplus by 2017-18.

($1=$0.98 Canadian)

Reporting by Louise Egan; Editing by Eric Walsh

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below