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

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

2. Ontarians—today and in the future—will pay the price for Ottawa’s debt

   At the end of fiscal year 2019, Ontario’s provincial government debt stood at $355 billion. For context, that’s more than $24,000 per Ontarian. With the COVID recession, this debt will grow further. Scotiabank Economics estimates a $36 ...

3. Rising interest payments will make Ford’s life harder

   Appeared in the Ottawa Sun, April 24, 2019 Based on its first budget, the Ford government has settled on a gradualist approach to deficit reduction. Rather than reform and reduce spending, the government plans to try to hold the rate of spending growth ...

4. Ontario now adding debt even faster than before

   Appeared in the Ottawa Sun, April 4, 2018 Last week, Finance Minister Charles Sousa tabled Ontario’s budget for 2018/19. The fact that the free-spending budget creates an operating deficit of nearly $7 billion this year has been widely reported, but this ...

5. 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 ...

6. Ontario taxpayers must pay $21.2 billion in government debt interest this year

   Government debt imposes real costs on individual Canadians and their families in the form of interest payments. Governments must pay interest on their debt—it’s not a choice. And the more money governments spend on interest payments, the ...