ontario budget

10:45AM
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If interest rates rise faster than expected, Ontario’s annual debt interest payments could increase by up to $857 million in 2017/18.


3:00AM
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Ontario has run a budget deficit every year during Premier Wynne's time in office.

3:00AM
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The Ontario government's fiscal projections assume revenues will grow faster than spending, when the opposite has often been the case.

9:29AM
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Ontario’s government is spending more than it takes in each year. This year will represent the province’s eighth consecutive budget deficit.


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.


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.


9:30AM
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The Ontario government has pledged to eliminate its budget deficit by 2017/18. However, the government’s recent record on fiscal issues casts doubt on whether it will meet this target.


2:35PM
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The Ontario government has dug itself deep into debt and continues to spend more than the revenue it brings in each year.


9:00AM
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Last week, Standard and Poor’s announced a downgrade to Ontario’s long-term credit rating, pointing to the province’s “very weak budgetary performance.”


6:00AM
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Ontario’s 2015 budget, like those of years past, needed a concrete plan to get government finances on a sound footing. Yet again, the budget failed to deliver.