The provincial government revised its $1.0 billion projected budget surplus to a $250.5 million projected deficit.
At every opportunity, the government has spent unexpected revenue windfalls.
According to the update, the government will continue to spend well in excess of projected revenues.
Between 2016 and 2019, per-person GDP grew at an average annual rate of only 0.8 per cent.
Program spending could grow by nearly $50 billion in just five years
Just six months into its 2018/19 plan, the government upped spending by $8 billion.
Economic growth expected to moderate dramatically starting next year.
Are we really going to spend $135 million on talk shows?
The government has removed its annual safety cushion of $6 billion per year.
Reports in advance of Ottawa’s federal fiscal update suggest the deficit may reach $34 billion.