In scathing pre-election report, Ontario auditor general says deficit is $11.7B, not $6.7B

Ontario’s fiscal watchdog is again questioning the government’s accounting, warning the province’s deficit projections are far greater than outlined in last month’s budget.

Auditor general Bonnie Lysyk, who has an ongoing accounting dispute with Premier Kathleen Wynne’s Liberals, said Wednesday that this year’s shortfall is $11.7 billion, not $6.7 billion, as Finance Minister Charles Sousa forecast March 28.

“When expenses are understated, the perception is created that government has more money available than it actually does,” Lysyk wrote in a scathing 27-page pre-election report to the Legislature.