ontario's finances

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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.

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Ontario government’s fiscal history drenched in red ink

From 1968 to 2023, Ontario ran 48 deficits—or deficits 87 per cent of the time.

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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.

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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.

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Ontario government’s failure to restrain spending undermines ‘fiscal foundation’

According to the government’s new projections, the deficit will be $5.6 billion—quadruple what it projected earlier this year.

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Ontario's economic decline hurting household incomes

The province's median income increased by just 5.4 per cent—less than half the overall growth rate across Canada.

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Ontario government once again refuses to reduce taxes for workers and businesses

The budget plan lacks a comprehensive vision to enhance the province's competitiveness.

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To restore Ontario’s finances, Ford government must end carefree spending

The province's government debt burden equals 38.7 per cent of the provincial economy.

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Ford rejects Harris spending approach and follows path of Wynne and Rae

Ontario is approaching an all-time high in inflation-adjusted per-person spending.