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Ontario debt gouges tomorrow’s taxpayers for today’s spending
Appeared in the National Post Many Ontarians have likely heard a horror story or two about their government’s growing debt and the resulting strain on public finances. You can’t blame them. Sources of evidence abound. Consider the sobering comparisons ...
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Ontario’s Debt Balloon: Source and Sustainability
The Ontario government’s net debt has expanded from 28% of the provincial economy in 2008/09 to an expected 40% in 2014/15. This represents an increase of over $117 billion or $7,800 more debt per On-tarian. The debt-to-GDP ratio is now much higher than ...
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Capital Budgeting and Fiscal Sustainability in British Columbia
The opening sentence of British Columbias Budget and Fiscal Plan 2014/152016/17 states: Budget 2014 affirms governments ability to balance its budget on an ongoing basis. That statement refers to the operating budget. However, the provinces ...