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RCO





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PostPosted: Tue Jul 17, 2018 12:28 pm    Post subject: Commission of inquiry into Ont liberal spending Reply with quote

( this is something we haven't really seen before but might be a good idea as wynne wasted so much of our money no one really knows where some of it went or why it was spend )




July 17, 2018 11:25 am

Doug Ford to announce Commission of Inquiry into previous Liberal government’s spending


By Staff The Canadian Press




TORONTO – Ontario’s new Progressive Conservative government is expected to announce details today of an inquiry into the previous Liberal government’s spending.




The Canadian Press has learned that Premier Doug Ford will announce the Commission of Inquiry that will look at the provincial deficit and come up with ways to address it.


Ford is expected to name the person who will head the three-member panel.

He is also expected today to issue a request for proposals for a value-for-money audit of the government books.


The premier pledged that the commission of inquiry would build on the work of the province’s auditor general, who has been critical of government accounting standards that she said understate its deficits by billions.

Ford will make the announcements this afternoon with Finance Minister Vic Fedeli and Treasury Board President Peter Bethlenfalvy.


https://globalnews.ca/news/4336032/doug-ford-inquiry-liberal-spending/
RCO





Joined: 02 Mar 2009
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PostPosted: Tue Jul 17, 2018 12:42 pm    Post subject: Reply with quote

Doug Ford's PCs launching inquiry into previous Liberal government's spending



Premier also set to announce plans for a value-for-money audit of Ontario's books


CBC News · Posted: Jul 17, 2018 11:38 AM ET | Last Updated: 23 minutes ago



Ontario Premier Doug Ford says his government will take a deep look into the spending practices of the past Liberal regime. (Frank Gunn/The Canadian Press)


69 comments


Ontario Premier Doug Ford is vowing to "clean up" the government's finances, in part by launching an inquiry into the previous Liberal regime's spending.

The PCs have created an Independent Financial Commission of Inquiry to probe Ontario's past spending and accounting practices. The commission will be led by former B.C. Liberal premier Gordon Campbell, as well as Al Rosen, a forensic accountant, and Michael Horgan, a consultant with decades of public service experience.

"The commission will give you the answers about what went wrong," Ford told reporters, from behind a podium bearing the slogan "Restoring trust."


The commission's findings will be made public, and Ford said the results should provide some advice about how to fix the situation.

"We go in there, we're going to find additional waste, we're going to find areas that we can drive efficiencies," he said.

The premier is pledging that the inquiry would build on the work of the province's auditor general, Bonnie Lysyk, who has been critical of government accounting standards that she said understate its deficits by billions.


In April, Lysyk said the previous Liberal government's deficit projections were off by 75 per cent for 2018-2019, jumping to 92 per cent for 2020-2021.


That means the $6.7 billion deficit projected by the government for 2018-2019 will instead be $11.7 billion, Lysyk said, and the projected $6.5 billion for 2020-2021 will actually be $12.5 billion.

The former Liberal government attributed the discrepancy to an accounting dispute related to calculations surrounding its Fair Hydro Plan and pension expenses.

Government also launching major audit

Ford made the announcement alongside Finance Minister Vic Fedeli and Treasury Board President Peter Bethlenfalvy.

The government is also in the early stages of launching a value-for-money audit of the government books, the trio said. Currently, it has issued a public request for bids to consult on an audit with an Aug. 1 deadline.

"We will find out where your money is actually going," Ford said.

https://www.cbc.ca/news/canada/toronto/pc-government-to-launch-inquiry-into-liberal-spending-1.4750028?cmp=rss
cosmostein





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PostPosted: Tue Jul 17, 2018 3:47 pm    Post subject: Reply with quote

This was the one point that Ford raised that resonated with me the most during the campaign.

This was a promise I had hoped would be kept quickly and it has been.
Bugs





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PostPosted: Wed Jul 18, 2018 8:37 am    Post subject: Reply with quote

Quote:
Doug Ford launches independent inquiry into Ontario's finances
Shawn Jeffords / The Canadian Press
JULY 17, 2018 01:58 PM

TORONTO — An independent inquiry led by a former British Columbia premier will look into Ontario's finances, newly elected Premier Doug Ford said Tuesday as he accused the former Liberal government of cooking the books and faking the deficit numbers.

Ford said the Independent Financial Commission of Inquiry, and a line-by-line audit covering the past 15 years of Liberal rule, will help the new Progressive Conservatives right the province's fiscal path in short order.

"I want the people to be presented with a full, honest and accurate picture of Ontario's finances," he said in a news conference. "You deserve to know where your money is going, how it was being wasted and how we're going to fix it."

The commission will be led by Gordon Campbell, a former B.C. Liberal leader who governed from 2001 to 2011, and will have until Aug. 30 to report on its findings.


Looking into the Liberals' accounting practices was one of Ford's promises in the leadup to the June 7 provincial election. The province's auditor general, Bonnie Lysyk, had said in a pre-election report that the government understated its deficit by billions. She suggested that the $6.7 billion deficit projected by the Liberals for 2018-2019 would instead be $11.7 billion, and the projected $6.5 billion for 2020-2021 would actually be $12.5 billion.

The former Liberal government attributed the discrepancy to an accounting dispute related to calculations surrounding its Fair Hydro Plan and pension expenses.

"You're fed up with being deceived," Ford said on Tuesday. "Fed up with paying more and getting less. Fed up with the shady accounting tricks because in the last 15 years nothing was off the table. Even Ontario's budget numbers under the Liberals, the books were cooked. The deficit numbers were faked."

Finance Minister Vic Fedeli said the commission of inquiry and the line-by-line audit would have a budget of a total of $1 million.

Campbell will be joined on the inquiry by forensic accountant Al Rosen and former senior federal bureaucrat Michael Horgan, and each will earn $50,000 for their work, Fedeli said.

Ford lauded the men as the "most qualified experts in Canada" to do this work and said it will help provide answers on what went wrong with the province's finances, while the audit will shed light on how the government can fix those issues.

Asked if he would accept and implement all of the findings of the inquiry and audit, Ford said he was looking forward to those findings.

"I'm excited for the report, but we wouldn't be hiring firms like this if we didn't believe in following their advice."

NDP legislator Peter Tabuns said the commission is unnecessary duplication of the work that Ontario's two financial watchdogs, the auditor general and financial accountability officer, already provide. But with $6 billion in efficiencies promised during the election, the government could be "setting up a narrative" for the need to cut, he said.

"He's going to want cover for cutting things," Tabuns said. "This could be the perfect cover."

Interim Liberal leader John Fraser said no matter what the commission finds the Ford government will find a way to blame the Liberals for any financial problems.

"That's politics," he said. "They're already doing that right now. They don't need a commission to do that."

Green party Leader Mike Schreiner said the audit of government finances should be carried about by the province's auditor general.

"I support fiscally responsible government," he said in a statement. "But I am concerned that Premier Ford is hand-picking a financial commission to deliver the answers that he wants, not the honest answers we need."
http://www.newwestrecord.ca/do.....1.23371196


What if the answer Ford wants IS the answer we need?
RCO





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PostPosted: Wed Jul 18, 2018 3:15 pm    Post subject: Reply with quote

cosmostein wrote:
This was the one point that Ford raised that resonated with me the most during the campaign.

This was a promise I had hoped would be kept quickly and it has been.




the media and ndp made a fuss about this but I don't see what is so bad about a new government wanting a look at the provinces finances and a true understanding of the financial situation the province faces .


the reality is from 2003-2018 the Ontario liberals spent a lot of money and added a lot of debt to our books , the province needs to have a good understanding of why that money was spent and if it got value for it otherwise the spending problems could continue and debt is never going to be reduced
cosmostein





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PostPosted: Thu Jul 19, 2018 3:36 pm    Post subject: Reply with quote

The Liberals should be over the moon about this;

Despite their run ins with the Auditor General and the Fiscal Accountability Office, if the Province under a majority PC Government spends a million dollars and the books and spending are as clean as they should be than its something you can campaign on.

However...
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Commission of inquiry into Ont liberal spending

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