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1. 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 ...

2. Provincial finances in trouble—spotlight Central Canada

   The Parliamentary Budget Office (PBO) recently published its annual fiscal sustainability report, which provides long-term projections to assess the sustainability of public finances for the federal government and the provinces. In this ...

3. 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 ...

4. Ontario’s net debt may hit $500 billion by 2026-27

   The size of Ontario’s provincial deficit has become a matter of some debate. The Wynne government’s 2018 budget projected a deficit of $6.7 billion. But according to a recent report from the auditor general, Ontario’s deficit may be even ...

5. Actually, including capital spending, Ontario’s deficit is more than $32 billion

   Ontario’s 2018 provincial budget saw total operating expense reach $158.5 billion with total revenues at $152.5 billion, for a deficit of just over $6 billion. But there has been some debate over government accounting methods and the ...

6. Ontario’s mountain of debt continues to grow

   Last week, Premier Kathleen Wynne’s government published its budget for the 2017/18 fiscal year. As we warned in a recent study published before the budget was tabled, the Ontario government plans to add billions of dollars to the ...

7. Ontario budget—more spending, more debt

   This afternoon, Ontario’s Finance Minister Charles Sousa delivered the provincial government budget for fiscal year 2017/18. Headlines will likely focus on the government’s first balanced operating budget in a decade. A deeper look at ...

8. Despite likely balanced budget, Ontario’s deficit dragon not dead yet

   Finance Minister Charles Sousa will deliver Ontario’s spring budget on April 27 and the expectation is that Ontario will deliver a balanced budget for the first time since the onset of the Great Recession. Ontario has now run nine ...

9. Spending cuts impose less economic damage than tax hikes

   Among Ottawa and the 10 provinces, eight governments are currently in deficit, spending more than the revenues they collect. As Canadian governments seek to eliminate their budget deficits, they should take note of a new study by a group ...

10. Ontario’s plan is hardly working

    Today, the Wynne government released its fall statement—essentially an update on the state of Ontario’s economy and finances. The document’s second paragraph contains a shockingly out-of-touch sentence. It reads: “Our plan is working.” ...