Ontario Liberals understated deficit by billions, according to AG. Wynne calls it an ‘accounting dispute’

TORONTO — Ontario’s auditor general says the Liberal government’s statements on the province’s finances understate its deficit by billions.

In a pre-election report released today, Bonnie Lysyk also says the government has not accurately reflected the true cost of its borrowing plan to cut hydro rates by 25 per cent, and is raising questions about the way it accounts for revenues related to two teacher pension plans.

As a result, Lysyk says the government’s deficit projections are...

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