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Most of Ontario’s new debt due to day-to-day spending
Appeared in the Ottawa Sun, April 18, 2018 Ontario’s provincial government is piling up debt at a historic pace. Between 2007/08 and 2018/19, Ontario’s debt has grown from $157 billion to $325 billion. The government defends this record by suggesting the ...
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The Wynne budget—more spending, more fiscal problems, more debt
Appeared in the Toronto Sun, March 29, 2018 Finance Minister Charles Sousa has tabled Ontario’s 2018 budget. And above all else, the pre-election document is characterized by a complete absence of fiscal discipline and dangerous willingness to saddle ...
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Ontario—from fiscal leader to fiscal laggard
Appeared in the Ottawa Sun, Sep 13, 2017 While Ontario’s current struggles with a large and growing government debt burden are widely known, it wasn’t always this way. Just a decade and a half ago, Ontario had relatively sound public finances compared to ...
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Why is Ontario’s debt burden shrinking so slowly?
Appeared in the Globe and Mail, August 14, 2017 Premier Wynne’s government has repeatedly stated the importance of bringing down the province’s debt-to-GDP ratio, which shot up during and after the 2008/09 recession. Specifically, it wants to bring this ...
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Wynne government could take a few pointers from Liberal brethren in Quebec
Appeared in the Toronto Sun, August 13, 2017 Ontarians usually don’t follow closely the economic developments of their eastern neighbour but they certainly should. In fact, Premier Kathleen Wynne’s government could take a few pointers from their Liberal ...
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Wynne government reopens spending tap, exposes province to more risk
Appeared in the Financial Post, May 10, 2017 The Wynne government recently tabled Ontario’s first balanced operating budget in a decade. While it’s good to see the province finally bring its annual operating expenditures in line with revenues, there are ...
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Growth in government debt in Ontario hasn’t stopped—in fact, it hasn’t even slowed
Appeared in the Ottawa Sun, May 3, 2017 Last week, Ontario Finance Minister Charles Sousa announced that after nine straight deficits, the government’s operating budget would finally be balanced for the coming fiscal year. Some people might assume that ...
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Ontario’s budget opens the spending tap, drowns Ontarians in more debt
Appeared in the Toronto Sun, April 28, 2017 On Thursday, Finance Minister Charles Sousa tabled the Ontario government’s budget for the 2017/18 fiscal year. The government’s spin has focused on the fact that the operating budget is balanced for the first ...
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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 ...
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Reality check—Ontario’s finances remain dire despite a balanced budget
Appeared in the Toronto Sun, April 26, 2017 The Ontario government last balanced its budget 10 years ago. Tomorrow, approximately $160 billion in new debt later, Finance Minister Charles Sousa is expected to finally table a balanced operating budget for ...