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  1. 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. ...

  2. Three recessions tell Ontario’s debt story

    It’s widely known that Ontario carries a significant debt burden. At the end of the 2019 fiscal year, Ontario’s debt stood at approximately $355 billion. RBC Economics forecasts that by the end of this year Ontario’s debt-to-GDP ratio (a ...

  3. Ford government must get serious about Ontario's government debt

    Appeared in the Ottawa Sun, January 9, 2019 It’s now widely known that Ontario faces substantial fiscal challenges. With a forecasted budget deficit this year of more than $14 billion and a debt-to-GDP ratio hovering near an all-time high, Ontario’s debt ...

  4. Debt-laden budgets now an Ontario rite of spring

    Appeared in the Ottawa Sun, March 28, 2018 According to an old poem, in the “spring a young man’s fancy lightly turns to thoughts of love.” In Ontario, it should also turn towards thoughts of debt, since today’s budget will add liabilities the young man ...

  5. Dear Minister Sousa, shrink Ontario’s debt burden while we’re still young

    Appeared in the Toronto Sun, December 7, 2016 It’s widely known Ontario’s provincial government has racked up debt at a historic pace in recent years.  What is perhaps not as well-known is that the Liberal government has presented no plan to reduce ...