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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. ...
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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 ...
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Simply balancing Ontario’s budget won’t stop debt surge
Ontario’s fall economic and fiscal statement delivered by this week Finance Minister Rod Phillips reveals a slower process towards budget balance. Revenue in 2019-20 will be $155.8 billion compared to $153.7 billion for the previous year, ...
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Ford’s first budget—will it continue Wynne’s spend-fest
Appeared in the Toronto Sun, March 13, 2019 With the Ford government’s first budget rapidly approaching, the new government faces many economic challenges. Job one, however, should be eliminating the province’s $13.5 billion budget deficit and staunching ...
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Ford government should heed lessons of recent fiscal history
Appeared in the Toronto Sun, February 21, 2019 In last week’s fiscal update, Ontario Finance Minister Vic Fedeli had a little bit of good news. Ontario’s budget deficit for this year is now forecasted to be $1 billion less than previously thought, at $13 ...