ontario government debt

4:30AM
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Ontario government falls woefully short of balanced budget promises

The government’s net debt burden this year will reach a projected $408 billion.


1:00AM
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Ontario government is anything but ‘fiscally responsible’

This year the government plans to run a $9.8 billion deficit followed by a $4.6 billion deficit next year.


10:09AM
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Ontario government can’t blame fiscal woes on ‘slow’ economy

For the 2024/25 fiscal year, the budget projects a $6.1 billion increase in program spending.


3:16PM
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Instead of pumping the brakes, Ontario government accelerates spending and debt accumulation

The government will increase program spending by $4.2 billion in 2024/25 and $3.5 billion in 2025/26.


2:30AM
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Ontario government can balance books with moderate spending restraint

The government can hold nominal spending flat for one year without creating any management challenges.


3:30AM
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Ontario’s economic decline is real and substantial

The province's post-1990 average per-capita annual income growth rate was barely one-quarter that of its 1960 to 1990 rate.


3:30AM
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Ontario government’s rapid spending growth drives deficits and debt

The province’s $5.6 billion operating deficit is just the tip of the iceberg.