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.
Dalton McGuinty laments that the Great Recession stunted his plans to expand Ontario public services
In his autobiography, McGuinty discusses how his first act as premier was to break his election promise and raise taxes.
Interest payments are Ontario’s fastest growing expense—faster than health and education spending growth
This year, Ontario is projected to run its eighth consecutive budget deficit, which will be approximately $7.5 billion.
With budget season on the horizon, the headlines may mask the magnitude of growth in government debt.
Between 2001 and 2008, Ontario provincial government spending grew at an average of five per cent annually while revenues only grew four per cent.
Ontario and Quebec, Canada’s two largest provinces, recently released their fall updates on the state of government finances.
As recent as 2009/10, Quebec’s per-person net debt burden was approximately $4,400 higher than Ontario’s. That gap is projected to be just $1,100 this year.
Ontario’s government is spending more than it takes in each year. This year will represent the province’s eighth consecutive budget deficit.
As Canadian governments struggle with budget deficits and mounting debt, it's important to recognize the potential long-term negative consequences of debt.
On Thursday, Finance Minister Charles Sousa will provide an update for Ontarians on the state of provincial government finances.