debt interest payments

8:41AM
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The total government debt-servicing costs for Ontarians in 2016/17 is a projected $21.2 billion.

3:00AM
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The more money governments spend on interest payments, the less money is available for programs and services.

11:41AM
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Ottawa can expect to run deficits every year from now until 2051, racking up at least $900 billion in new debt.


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


9:00AM
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The Ontario government has never made a secret of its desire to have the federal government help fund Ontario’s provincial budget. It even started its own think-tank with $5 million in 2009, which regularly publishes reports that call on the federal government to rescue Ontario’s provincial finances.