ontario debt

10:46AM
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Government spending has grown approximately 47 per cent faster than the provincial economy over a 12-year period.


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.

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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.

3:00AM
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While saying the public sector should focus more on outcomes, McGuinty refuses to look at the end results of his policies for Ontario’s economic performance.


3:00AM
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In his autobiography, McGuinty discusses how his first act as premier was to break his election promise and raise taxes.


3:00AM
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This year, Ontario is projected to run its eighth consecutive budget deficit, which will be approximately $7.5 billion.


11:11AM
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With budget season on the horizon, the headlines may mask the magnitude of growth in government debt.