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  1. Wishful Thinking: An Analysis of Ontario’s Timeline for Shrinking Its Debt Burden

    Since 2007/08, Ontario’s level of public debt has approximately doubled. As a result, the provincial debt-to-GDP ratio has climbed to historically high levels in recent years. In its 2017 budget, Premier Wynne’s government presented a timeline for ...

  2. Ontario’s mountain of debt continues to grow

    Last week, Premier Kathleen Wynne’s government published its budget for the 2017/18 fiscal year. As we warned in a recent study published before the budget was tabled, the Ontario government plans to add billions of dollars to the ...

  3. Ontario taxpayers on the hook for billions in government debt interest

    Appeared in the Toronto Sun, January 25, 2017 Readers of this page are likely familiar with the growth of the Ontario’s government debt, which approximately doubled over the past decade and is expected to reach $318 billion this year. It’s important to ...

  4. Interest payments on government debt: Ontario’s fastest growing expense

    Appeared in the Toronto Sun, February 3, 2016 It’s no secret that Ontario’s provincial government finances are a mess. The province will run its eighth consecutive budget deficit in 2015/16. This time, the shortfall is projected at $7.5 billion. Largely ...

  5. 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 ...