Finance Minister Peter Bethlenfalvy on Tuesday defended his handling of Ontario's finances, insisting that despite an expected $10 billion deficit this year, the province will be "back in track" in the near future.
He made the remarks as he spoke to reporters after releasing the first quarter finances for the provincial government, which were largely in line with projections from last spring's budget. Growth in the first quarter in the province came out to 0.7 per cent, and Ontario is still anticipating a $9.8 billion deficit for the fiscal year.
READ MORE: Ontario forecasts nearly $10 billion deficit in 2024 budget