Ontario’s Financial Accountability Office suggests Premier Ford’s fiscal plan is vulnerable to a downturn in the provincial economy.
It predicts the deficit to balloon to $16.5 billion in the event of a recession occurring in the next five years.
A surplus of $900-million is currently projected by 2024.
The FAO has previously predicted slow growth until then but says growth is often interrupted by periods of recession and did a mock scenario to test Ford’s budget.
