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Ford Government Fiscal Policy Approach Mirrors that of McGuinty and Wynne
This bulletin analyzes the recent 2021 budget that Doug Ford’s Progressive Conservative government tabled in order to assess the extent to which it continues or changes the general fiscal policy approach of the Liberal governments of Premiers ...
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Ford government continues to mirror fiscal approach of its predecessors
Over three years, nominal program spending will increase by a cumulative total of 8.5 per cent. ...
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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. ...
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Ford fiscal strategy resembles McGuinty/Wynne plans—with predictable results
By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion. ...
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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. ...
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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 ...
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Ontario’s red ink—the Ford government should heed lessons from recent past
The Ford government recently government tabled its budget for the 2020/21 year. Unsurprisingly, given the pandemic and recession, Ontario is on track to run a large operating budget deficit this year—an estimated $38.5 billion. The budget ...
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Ontario braces for largest budget deficits in provincial history
Before the Ford government tabled Ontario’s 2020/21 budget on Thursday, analysts and budget watchers knew it would likely include the largest deficit in the province’s history. These expectations were met, as the government again ...
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Ford’s deficit-reduction plan reminiscent of Rae, McGuinty, Wynne years
Appeared in the Toronto Sun, November 5, 2020 On Thursday, the Ford government tabled its budget for the 2020/21 fiscal year, revealing plans to run some of the largest deficits in Ontario history—not just this year, but in years to come. For fiscal year ...
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Ontario faces major fiscal challenges beyond massive budget deficit
This week, the Ford government will table its budget for the 2020/21 fiscal year. Much attention will (deservedly) focus on the provincial budget deficit, which this year will almost certainly be the largest one in decades. The last ...