There is very little to feel reassured about when it comes to Ontario finance minister Charles Sousa’s latest budget.
Government Spending & Taxes
Researchers have found that the cost of improving household efficiency is more than twice the value of the energy savings.
The Wynne government estimates it will add $11.5 billion in net debt in 2015/16.
Provincial program spending between 2004/05 and 2014/15 increased by nearly 100 per cent.
Province’s net financial position could decrease by another $14 billion in 2016/17, making it a net debtor province.
If interest rates rise faster than expected, Ontario’s annual debt interest payments could increase by up to $857 million in 2017/18.
To eliminate the deficit, Alberta's government should restrain spending.
The problem of a high-cost low-performance system is not just a provincial one—but a Canadian one.
Subscribe to the Fraser Institute
Get the latest news from the Fraser Institute on the latest research studies, news and events.