Ontario’s finance minister says there will be no new taxes or asset sell-offs in Thursday's provincial budget, reports the Canadian Press.
Finance Minister Dwight Duncan and his Liberal-led government is looking for ways to deal with a $25-billion deficit. But they are looking at options that range from the privatization of Crown corporations to bundling several assets into a corporation and selling off shares.
The budget is also expected to provide a road map for the government to rebalance the books, which will be awash in red ink for at least five years, most economic analysts predict.
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