ontarios indebtedness

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It has been more than two years since an independent commission submitted its report to the Ontario government on the province’s poor public finances and high government debt.

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With the Ontario government expected to soon introduce a new budget and the province continuing to head towards its own fiscal cliff, Premier Kathleen Wynne has a chance to make a clean break from the fiscal mismanagement of her predecessor, former Ontario Premier Dalton McGuinty. To stem the tide of rising debt, Premier Wynne needs to initiate a radical re-think of current spending and put forth a credible plan to balance the budget in the short term. Let’s hope she understands and embraces the need for change.