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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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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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Ontario’s combined government debt exceeds 100% of GDP
By 2020/21, the provincial net debt equaled $27,010 per Ontarian. ...
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Ford government faces pivotal choice in upcoming budget
Ontario's debt interest costs are expected to increase to $13.9 billion in 2022/23. ...
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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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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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Ford’s deficit-reduction plan reminiscent of Rae, McGuinty, Wynne years
Appeared in the Toronto Sun, November 5, 2020 On Thursday, the Ford government tabled its budget for the 2020/21 fiscal year, revealing plans to run some of the largest deficits in Ontario history—not just this year, but in years to come. For fiscal year ...
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Ontario stuck in vicious cycle of deficits and debt accumulation
After a pandemic-induced delay, Ontario will release its provincial budget this Thursday and Finance Minister Rod Phillips has already said the budget will focus on COVID response measures. Earlier, the Financial Accountability Office of ...
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Ontario faces major fiscal challenges beyond massive budget deficit
This week, the Ford government will table its budget for the 2020/21 fiscal year. Much attention will (deservedly) focus on the provincial budget deficit, which this year will almost certainly be the largest one in decades. The last ...
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Ford’s tax pledge will help Ontario’s economy recovery
No matter how you measure it, Ontario’s budget deficit is on track to be the largest in provincial history. And while this year’s massive deficit is primarily due to forces outside the government’s control—mainly the COVID 19 recession ...