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Ford government pursuing McGuinty-style deficit-reduction strategy
According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24. ...
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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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Debt interest payments fastest-growing component of Ontario budget
The government has run budget deficits every year since 2008/09. ...
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Ontario’s finances—back to the ’90s?
During the early 1990s, the federal government and many provinces faced severe fiscal challenges so daunting that many described the situation as a crisis. As governments across the country run historically large deficits in response to ...
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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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With right approach, Ford government can stop Ontario’s fiscal roller-coaster
Followers of Alberta government finances are used to hearing term “roller-coaster.” The analogy is that government revenues quickly rise when natural resource royalties go up, and then often plunge when they go back down. Often, Alberta’s ...