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1. Ontario consistently fails to reduce government debt after recessions

   The province’s nominal debt will rise from $440 billion in 2021/22 to $504 billion in 2023/24. ...

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

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

3. Ontario lagging behind neighbours on key economic measures

   Between 2000 and 2019, New York's average per-person GDP growth more than doubled Ontario's growth rate. ...

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

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

5. 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. ...

6. 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. ...

7. Ford fiscal strategy resembles McGuinty/Wynne plans—with predictable results

   By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion. ...

8. Ford government must dramatically change course to fulfill many promises

   High spending levels increase government debt, which raises the spectre of future higher taxes and creates uncertainty for potential investors. ...

9. Ford budget could represent turning point in Ontario fiscal history

   Within two fiscal years of Chretien's 1995 budget, federal finances had moved from large deficits to surpluses. ...

10. Lessons for the Ford Government from the 1995 Federal Budget

    Chronic deficits since the 2008/09 recession have weakened Ontario’s public finances. The province’s debt-to-GDP ratio—a key measure of fiscal sustainability—increased from 27.8 percent to an estimated 47.0 percent of GDP by the end of 2020/21. ...