A GAI would likely require large-scale lay-offs of bureaucrats to achieve substantial administrative savings—a move that would obviously face strong internal political opposition.
In Ontario, the projected operating deficit for 2015/16 is $7.5 billion but the change in net financial position is $13.7 billion—a difference of 83 per cent.
The province is facing a nearly $2 billion projected operating deficit.
In Ontario, federal transfers increased by 87.8 per cent over 10-year period.
Canada enjoyed an economic and fiscal renaissance starting in the mid-1990s that lasted more than a decade.
On Tuesday, the Alberta government will release a budget with a projected deficit of at least $5.9 billion this year, the seventh deficit in eight years. And just the other day, the government announced the budget won’t be balanced until 2019/20.