September 13, 2012 / 1:06 PM / 5 years ago

Ontario says 2011-12 deficit is C$13 billion

TORONTO, Sept 13 (Reuters) - Ontario’s minority Liberal government said on Thursday it was eliminating its budget deficit faster than anticipated, crediting higher-than-expected revenues and recent efforts to restrain program spending.

The province’s deficit for the 2011-12 fiscal year ending March 31 was C$13 billion ($13.3 billion), according to the finance ministry’s public accounts. The figure is down from the C$15.3 billion shortfall targeted in the March budget.

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