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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 Fiscal Policy Approach Mirrors that of McGuinty and Wynne

   This bulletin analyzes the recent 2021 budget that Doug Ford’s Progressive Conservative government tabled in order to assess the extent to which it continues or changes the general fiscal policy approach of the Liberal governments of Premiers ...

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. Ford government presiding over massive growth of debt and debt interest costs

   Ontario's projected net government debt will eclipse $585 billion by 2029-30. ...

7. 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. ...

8. 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. ...

9. Debt interest payments fastest-growing component of Ontario budget

   The government has run budget deficits every year since 2008/09. ...

10. Ontario’s debt legacy makes balancing budget harder

    According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest. ...