Liberals Optomistic - Auditor General

Ontario's Auditor General says the Liberal government's plan to slash the increase in annual spending by almost 400 per cent is too optimistic.

The Liberals have increased spending about seven per cent a year since they were first elected in 2003, but in this year's budget said they would slash it to 1.8 per cent annually.

Auditor General Jim McCarter says the Liberals' estimates are based on optimistic assumptions when they are supposed to be more cautious and less risky.