Ontario's Liberals will have to dig themselves out of a massive hole and will operate in the red this fiscal year after an independent financial investigation revealed that the Conservatives have left them with a $5.6-billion deficit.
"It is shocking, Finance Minister Greg Sorbara said yesterday after learning the size of the financial burden his government had been handed. "It exemplifies a history of mismanagement and misrepresentation on the part of the previous government."
Mr. Sorbara would not spell out what items on the ambitious and costly Liberal spending plan -- a plan weighted heavily toward improving the health and education systems -- would be delayed or scrapped in light of the new information.
"We are committed to bring about our agenda for positive change," he said after receiving the report from Erik Peters, the former provincial auditor who was charged with discerning the true state of Ontario's finances.
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