Financial Update Thursday

Ontario taxpayers will find out next week just how hard the recession has hit the province's economy.

There are expectations the numbers will be shocking, but Premier Dalton McGuinty isn't saying whether he might follow Alberta's lead in trying reduce Ontario's more than 18-billion dollar deficit by freezing public servant wages and having cabinet ministers take pay cuts.

McGuinty has warned the province will have to make some tough decisions in the coming months, but he hasn't talked about which programs could be cut.