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1. Government debt interest costs will crowd out essential spending in Ontario

   Ontario's debt interest costs will rise by 21 per cent. ...

2. 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. ...

3. 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 ...

4. Taxpayers likely to feel city hall’s COVID cash crunch

   Municipalities in Ontario are reeling from the pandemic. Some have announced large drops in revenues. Toronto, for example, projects a $1.5 billion loss in revenues in 2020 if there’s a three-month lockdown followed by a six-month ...

5. Ford government should more forcefully target deficit, housing costs

   Ontario’s Fall Economic Statement will be released next week and will set the stage for the Ford government’s second budget and policy direction. This will come after last year’s retreat from a mishandled program of expenditure restraint. ...

6. Ontario government must freeze nominal spending to close fiscal gap

   Next week, the Ford government will table its first budget and Ontarians will get the clearest signals to-date of this government’s fiscal plans. According to recently-revised fiscal numbers, Ontario has been running deficits since 2008 ...

7. Successive Ontario governments increased net debt from $139 billion to $338 billion

   The Ford government today released its fall economic and fiscal update, which includes taxation and spending changes, with Finance Minister Vic Fedeli noting that the "fiscal hole is deep.” However, perhaps the most telling ...

8. Government debt—a snapshot of each province

   The 2018 edition of the Federal Fiscal Tables is out, so it’s a good time to review the state of provincial government debt in Canada, especially given that we are about 10 years out from the financial crisis and Great Recession. Even ...

9. Ontario has a $15 billion deficit—not the $6.7 billion claimed by the previous government

   The Ontario government’s review of provincial finances is finally out, and the picture is even grimmer than what the auditor general and the Financial Accountability Office have presented. The key findings confirm that Ontario since 1990 ...

10. Restoring Ontario's Public Finances

    Ontario’s public finances have deteriorated over the last few decades as chronic deficits have led to mounting public debt. Nevertheless, the situation can be repaired—and relatively more quickly than might be imagined. Restoring Ontario’s Public Finances ...