Statement from MPP Lisa Thompson regarding the 2016 Fall Economic Statement
The following is a statement from Huron-Bruce MPP Lisa Thompson after the Liberal government released their 2016 Fall Economic Statement yesterday:
“The Fall Economic Statement has proven that the Liberal government continues to remain disconnected from the people of Ontario. With the passing of every Liberal initiative, it seems that this government spirals deeper and deeper into their own fiscal fantasy world.
“They attempt to use distractions, but in the case of our communities in Huron-Bruce, the facts remain – Ontario remains in a dire fiscal state and life continues to be unaffordable under this Liberal government.
“The Financial Accountability Officer has pointed to the fact that the Liberals are trying to artificially balance the budget in an election year, but it is obvious that we are only plunging deeper into deficit.
“In order to balance the budget in 2017-18, the Fall Economic Statement indicates the government has reduced its contingency reserve by $600 million and is seeking another $800 million through the one-time sale of government assets. It was also confirmed the province’s net debt is set to rise by over $64 billion by 2020-21 to a record $370 billion and that Ontario will continue to be the largest sub-national borrower on the planet.
“Ontarians’ quality of life will continue to erode, and that means for example – the high cost of electricity in Huron-Bruce will continue; community pillars such as legions and arenas will continue to struggle with their electricity bills; while wait times for life changing surgeries continue to be a point of frustration.
“The Liberal government doesn’t have a definitive plan to correct the path their mismanagement has dragged us into. They may have no choice but to continue to explore the sale of additional government assets; higher taxes; or continued cuts to front-line services. Unfortunately, life will continue to get harder under this Liberal government,” concluded Thompson.