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Provincial finances in trouble—spotlight Central Canada
The Parliamentary Budget Office (PBO) recently published its annual fiscal sustainability report, which provides long-term projections to assess the sustainability of public finances for the federal government and the provinces. In this ...
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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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Off-balance: Ontario growing expenditures faster than revenues
Appeared in the Battlefords News-Optimist Ontario’s provincial government wants a balanced budget for the 2017-18 fiscal year, and Finance Minister Charles Sousa is adamant that Ontario will reach that goal. Given the arrival of spring budget season, the ...