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Ford government presiding over massive growth of debt and debt interest costs
Ontario's projected net government debt will eclipse $585 billion by 2029-30. ...
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Ford government should address Ontario’s structural problems in upcoming budget
Most of Ontario’s February employment gains were for part-time work. ...
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Simply balancing Ontario’s budget won’t stop debt surge
Ontario’s fall economic and fiscal statement delivered by this week Finance Minister Rod Phillips reveals a slower process towards budget balance. Revenue in 2019-20 will be $155.8 billion compared to $153.7 billion for the previous year, ...
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Dear Premier Ford, please look forward—not back
Appeared in Maclean's, September 26, 2018 This week, Ontario Premier Doug Ford created a committee to investigate the previous Liberal government’s handling of provincial finances including its accounting methods. Premier Ford compared Liberal ...
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Debt and decline—Ontario’s challenges in three snapshots
Ontario’s upcoming provincial budget will likely include a significant increase in government spending with an eye on the spring election. Liberal Finance Minister Charles Sousa has already indicated that the pre-election budget will now ...
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Ontario’s fiscal paradox—a balanced budget and mounting debt
Ontario has wrapped up its 2018 pre-budget public consultations as it prepares to deliver its next provincial budget. Ontario Finance Minister Charles Sousa confirmed in the fall fiscal statement that Ontario’s 2018 budget will be ...
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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 ...
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Reality check—Ontario’s budget is unrealistic
The Ontario government has again promised a balanced budget by 2017-18 in its latest aspirational fiscal document but achieving its goal is based on a fervent hope that the economy will recover and revenues will grow faster than ...
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Why Ontario won’t balance its budget
In what is perhaps the longest running example of faith-based fiscal policy, Ontario’s government continues to insist it will balance its budget by 2017-18. It’s unlikely to deviate from this mantra as it readies to release its budget ...