ontario deficit

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.

Étiquettes:

public sector compensation, ontario deficit, ontario budget, ontario debt, compensation in ontario

Novembre 17, 2015 4:00AM

Ontario not likely to balance its books on schedule

Ben Eisen, Charles Lammam

Recent deficit reduction track record is quite weak, which is why Ontario is still running an $8.5 billion deficit in 2015/16, several years after the recent recession.

Étiquettes:

ontario deficit, ontario finances

Juin 25, 2015 10:00AM

Dear Mr. Clark, please tell the premier revenue is not Ontario’s problem

Niels Veldhuis, Ben Eisen

According to the Globe and Mail, Ontario Premier Kathleen Wynne has a new advisor, former TD Bank chief executive officer, Ed Clark. Mr. Clark will apparently advise the government on a host of issues including finding new sources of revenue to help balance the provincial budget.

Étiquettes:

ontario government spending, ontario debt, ontario deficit

Juin 18, 2015 10:00AM

Ontario vs. U.S. Rust Belt: No Excuse for Deficits

Robert P. Murphy, Niels Veldhuis

Despite the talk of painful austerity, Ontario’s recent budget continues to bleed red ink. Finance Minister Charles Sousa projects a deficit this year of $8.5 billion, and doesn’t predict an actual balancing of the books until 2017-18 fiscal year.

Étiquettes:

ontario debt, ontario deficit, unemployment, Rust belt, Rust belt states, ontario economy

Janvier 25, 2015 9:00AM

Ontario premier's fiscal imprudence is reckless

Charles Lammam, Mark Milke

How governments manage their finances matters a great deal. Spend and borrow too much and the result is a spiral of increasing deficits that create ever higher debt. Then, ever-more tax dollars end up spent on debt interest—not on education, health care, administering provincial courts, or other areas in which provincial governments are involved.

Étiquettes:

government spending, ontario government spending, ontario debt, ontario deficit, ontario budget, ontario's finances, program spending, measuring the fiscal performance of canada's premiers, premiers' report card

Juillet 19, 2014 6:00AM

Telling tales is human; politicians shouldn’t overdo it

Mark Milke

The other day former Ontario Premier Bob Rae, fumed at a column by economist Jack Mintz who noted the similarities between the current Kathleen Wynne government and Rae’s reign as premier of Ontario, specifically the “high deficits, debt and taxes.”

Étiquettes:

bob rae, kathleen wynne, ontario government debt, ontario government spending, ontario debt, Jack Mintz, equalization payment, ontario deficit

Novembre 9, 2013 2:00AM

It's déjà vu all over again with Ontario's latest fiscal plan

Sean Speer, Charles Lammam

Ontario Finance Minister Charles Sousa called his updated financial plan a new direction but in truth it had a nostalgic feel. With his government facing considerable fiscal challenges including an $11.7 billion deficit and growing debt, Ontarians desperately needed a new direction. What they actually got was more of the same: increased spending and a government reluctant to deal with core problems.

Étiquettes:

ontario, ontarios financial plan, charles sousa, ontario deficit, ontario debt, government spending, ontario budget

Février 5, 2013 2:00AM