Oops ...this is gonna hurt..Quebec deficit 2.1 billion!!!!
Quebec deficit vastly underestimated, auditor says
By NORMAN DELISLE
Tuesday, December 13, 2005 Posted at 5:02 PM EST
Quebec — The provincial Auditor-General contradicted Quebec's Finance Minister on the size of the provincial deficit Tuesday, saying it is $2.1-billion for fiscal 2004-2005 and not $664-million as stated by Finance Minister Michel Audet.
It's the second time this year auditor general Renaud Lachance said the government has under-reported its deficit.
Mr. Lachance said in March the government under-reported its 2003-2004 deficit by nearly $1.4-billion and described the accounting methods as “creative.”
Mr. Lachance said Tuesday there were a number of “loopholes” in the government's accounting for the 2004-2005 period, saying it had underestimated the pensions for employees, not included certain numbers for health and education and badly evaluated the losses on loans guaranteed by the government.
I don't hate other provinces, I hate how the government works.
We didn't help them get into that much deficit, yet the Gov't is sure to skim a little off the top from around the country if they do plan to help them out (And don't say the government wouldn't do anything like that, Hello AdScam anybody???)
iThink, therefore iMac
You are coming to a sad realization: Cancel or Allow?
Chuck Norris was the one who took a bite out of the Apple Logo.