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1. Government debt interest costs will crowd out essential spending in Ontario

   Ontario's debt interest costs will rise by 21 per cent. ...

2. Ford government pursuing McGuinty-style deficit-reduction strategy

   According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24. ...

3. Ford government continues to mirror fiscal approach of its predecessors

   Over three years, nominal program spending will increase by a cumulative total of 8.5 per cent. ...

4. Ontario’s latest budget will keep debt interest costs rising

   According to the budget, debt interest payments will total $13.1 billion in 2021/22. ...

5. Ontario’s combined government debt exceeds 100% of GDP

   By 2020/21, the provincial net debt equaled $27,010 per Ontarian. ...

6. Ontario’s finances—back to the ’90s?

   During the early 1990s, the federal government and many provinces faced severe fiscal challenges so daunting that many described the situation as a crisis. As governments across the country run historically large deficits in response to ...

7. Ontario’s red ink—the Ford government should heed lessons from recent past

   The Ford government recently government tabled its budget for the 2020/21 year. Unsurprisingly, given the pandemic and recession, Ontario is on track to run a large operating budget deficit this year—an estimated $38.5 billion. The budget ...

8. With right approach, Ford government can stop Ontario’s fiscal roller-coaster

   Followers of Alberta government finances are used to hearing term “roller-coaster.” The analogy is that government revenues quickly rise when natural resource royalties go up, and then often plunge when they go back down. Often, Alberta’s ...

9. Ontario braces for largest budget deficits in provincial history

   Before the Ford government tabled Ontario’s 2020/21 budget on Thursday, analysts and budget watchers knew it would likely include the largest deficit in the province’s history. These expectations were met, as the government again ...

10. Ontario stuck in vicious cycle of deficits and debt accumulation

    After a pandemic-induced delay, Ontario will release its provincial budget this Thursday and Finance Minister Rod Phillips has already said the budget will focus on COVID response measures. Earlier, the Financial Accountability Office of ...