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McGuinty predict's lower-than-expected deficit

Published by Steve Coleman on August 24, 2011

The Ontario government has revised its estimates for this year's budget deficit.

Queen's Park plans to spend $14 billion more than it brings in this year, down from the $19.7 billion originally projected.

The government says most of the savings came from the health sector after spending came in at 3.7 per cent less than originally projected.

Ontario's deficit has come in lower than projected by the government.

In what has become a routine for the Dalton McGuinty government, it announced Tuesday that the province's deficit will be much lower than initially forecast in the budget.

The 2010-11 deficit has now been set at $14 billion, $5.7 billion less than initially expected. School boards and lower demand than predicted for retraining programs also helped cut into the province's spending bubble.

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