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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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Ontario’s debt legacy makes balancing budget harder
According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest. ...
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Ford government faces critical decisions as budget day looms
According to forecasts, Ontario's net government debt will approach $463 billion in 2022/23. ...
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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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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 ...