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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. 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 ...

  4. 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. ...

  5. Ontario’s combined government debt exceeds 100% of GDP

    By 2020/21, the provincial net debt equaled $27,010 per Ontarian. ...

  6. Ford government faces pivotal choice in upcoming budget

    Ontario's debt interest costs are expected to increase to $13.9 billion in 2022/23. ...

  7. Ford government must plot path to budget balance

    Appeared in National Newswatch, February 18, 2021 The Ford government released Ontario’s 2020/21 third quarter fiscal update last week. As expected, the numbers were ugly. The Department of Finance now anticipates a $38.5 billion budget deficit for this ...

  8. Ontario’s finances—back to the ’90s?

    During the early 1990s, the federal government and many provinces faced severe fiscal challenges so daunting that many described the situation as a crisis. As governments across the country run historically large deficits in response to ...

  9. Ontario braces for largest budget deficits in provincial history

    Before the Ford government tabled Ontario’s 2020/21 budget on Thursday, analysts and budget watchers knew it would likely include the largest deficit in the province’s history. These expectations were met, as the government again ...

  10. Ontario stuck in vicious cycle of deficits and debt accumulation

    After a pandemic-induced delay, Ontario will release its provincial budget this Thursday and Finance Minister Rod Phillips has already said the budget will focus on COVID response measures. Earlier, the Financial Accountability Office of ...