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1. Ontario’s combined government debt exceeds 100% of GDP

   By 2020/21, the provincial net debt equaled $27,010 per Ontarian. ...

2. Ford government faces pivotal choice in upcoming budget

   Ontario's debt interest costs are expected to increase to $13.9 billion in 2022/23. ...

3. Ford government faces critical decisions as budget day looms

   According to forecasts, Ontario's net government debt will approach $463 billion in 2022/23. ...

4. 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 ...

5. 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 ...

6. 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 ...

7. 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 ...

8. Ontario braces for largest budget deficits in provincial history

   Before the Ford government tabled Ontario’s 2020/21 budget on Thursday, analysts and budget watchers knew it would likely include the largest deficit in the province’s history. These expectations were met, as the government again ...

9. 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 ...

10. 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 ...