debt and deficit

10:27AM
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Once new major spending is factored in, the annual deficit is likely to be more than $25 billion.


3:00AM
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By the Ontario government’s own count it has 380,000 regulations on the books, twice as many as the next province.


2:50PM
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Ontario will run its eighth consecutive budget deficit in 2015/16, with a projected $7.5 billion shortfall.


10:40AM
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Since 2007/08, combined federal and provincial government net debt has grown from $834 billion to $1.3 trillion.


11:59AM
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On Thursday, Finance Minister Charles Sousa will provide an update for Ontarians on the state of provincial government finances.


3:00AM
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Since 1990, Ontario has accumulated nearly $265 billion in net public debt. Put another way, nearly 90 per cent of Ontario’s net public debt has been accumulated over the last 25 years.  


10:17AM
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The Ontario government's strategy to eliminate the projected $8.5 billion deficit has largely hinged on hoping revenues will grow robustly and eventually catch up to spending increases. This is a risky strategy.


9:27AM
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Canada enjoyed an economic and fiscal renaissance starting in the mid-1990s that lasted more than a decade.