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  1. Ontario budget deficit likely larger than forecast

    We recently blogged on the Ontario government’s March 2020 Economic and Fiscal Update (hereafter simply referred to as the Fiscal Update), which we concluded was too optimistic in its economic and revenue assumptions, and included new ...

  2. Ford government’s budget update overly optimistic and likely ineffective

    Appeared in National Newswatch, April 2, 2020 With all the announcements last week by the federal government, and the drama surrounding the passage of the federal spending bill on Wednesday, last week’s Ontario financial and budget update went largely ...

  3. Hold the Celebration: A Balanced Budget Won't End Ontario's Fiscal Challenges

    Ontario’s public finances have deteriorated markedly in recent years. Net debt (gross debt minus financial assets) has approximately doubled since 2007; it is estimated that it will reach $318 billion this year (2016/17). After nine consecutive ...

  4. Budgetary smoke and mirrors explain a significant portion of Ontario’s deficit decline

    There is very little to feel reassured about when it comes to Ontario finance minister Charles Sousa’s latest budget. Minister Sousa boasted that this year's operating deficit will be $1.8 billion smaller than planned, and ...

  5. Ontario budget: spending growth responsible for province’s fiscal mess

    Appeared in the Globe and Mail, February 25, 2016 On Thursday, Ontario will table its 2016 budget with all signs pointing to more red ink. This is par for the course, given that the province has run deficits in 10 of the past 13 years, averaging $9.7 ...

  6. Ontario’s 2015 Budget: an exercise in wishful thinking

    Appeared in the Financial Post Ontario’s 2015 budget, like those of years past, needed a concrete plan to get government finances on a sound footing. Yet again, the budget failed to deliver. Instead, the government continues to delay the tough decisions ...

  7. Ontario’s fiscal update stays committed to complacency

    Appeared in the Waterloo Region Record There was an aura of complacency in Queen’s Park as the Ontario government released its update on the state of provincial finances. The government remains committed to its relatively passive approach of dealing with ...