Ontario Liberals promise to put unspent money towards lowering debt
TORONTO — The Ontario Liberals promised new legislation on Saturday that would reduce the province’s debt, saying they were presenting the only realistic financial plan between the three major parties.
Liberal Leader Kathleen Wynne said that in years when the province beats its own fiscal projections — something she noted her party has done for the past four years — the proposed legislation would require 100 per cent of unspent money to go towards reducing debt.
The governing Liberals made the promise as they launched their full campaign platform, much of which was similar to the government’s latest budget released in March.
The promise to use unspent money to reduce debt comes amid rhetoric from Wynne that writes off the New Democrats and Progressive Conservatives as having economically unfeasible plans for government. She took particular aim at the NDP, which both the Liberals and Tories have labelled as radical.