Search

Search results

1. 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. ...

2. 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. ...

3. Ford government faces critical decisions as budget day looms

   According to forecasts, Ontario's net government debt will approach $463 billion in 2022/23. ...

4. 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 ...

5. Ontario’s new finance minister must recognize the importance of budget balance

   Appeared in National Newswatch, January 14, 2021 With the resignation of Rod Phillips, Ontario’s incoming finance minister Peter Bethlenfalvy inherits a difficult job. The province’s fiscal challenges long pre-date the global pandemic. Queen’s Park has ...

6. 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 ...

7. Ontarians shoulder provincial government debt—and big chunk of federal debt

   Appeared in the Ottawa Sun, January 23, 2020 It’s widely known that the Ford government is fighting a big budget deficit and mounting debt. But it’s not just provincial government decisions that affect how much new government debt falls on Ontarians. The ...