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Hold the celebration—Ontario’s fiscal problems are far from solved
Appeared in the Toronto Sun, April 9, 2017 When Finance Minister Charles Sousa rises to deliver this year’s Ontario provincial budget, he’ll likely declare mission accomplished on slaying Ontario’s deficit. Indeed, after nine consecutive deficits and ...
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Ontario could take a budgeting lesson from… Quebec?
Appeared in the Toronto Sun, April 5, 2017 Times they are a changing. Historically, Quebec has been the poster child for bad fiscal management in Canada. At times the province has embraced high taxes, persistent deficits and growing government debt. But ...
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Hold the Celebration: A Balanced Budget Won't End Ontario's Fiscal Challenges
Ontario’s public finances have deteriorated markedly in recent years. Net debt (gross debt minus financial assets) has approximately doubled since 2007; it is estimated that it will reach $318 billion this year (2016/17). After nine consecutive ...
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What does the federal budget mean for Ontario?
Appeared in the Toronto Sun, March 29, 2017 Last week, the Trudeau government released its 2017 budget. So what are the most important takeaways for Ontarians? Firstly, something we’re very familiar with in this province—growing government debt. The ...
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Ontario in the grip of short-term policy thinking
Appeared in the Toronto Sun, March 8, 2017 Public policy decisions are frequently biased towards short-term thinking. Governments make decisions that will affect people’s lives for decades, but must operate within a political context in which the next ...
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If Ontario balances its budget, spending discipline remains mandatory
Appeared in the Toronto Sun, March 1, 2017 In its upcoming budget, Ontario’s provincial government is forecasted to finally balance its budget after nine consecutive deficits. This is, of course, good news. However, the provincial government has ...
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Ontario must prepare for slowdown in growth of federal transfers
Appeared in the Toronto Sun, February 22, 2017 The Wynne government expects to finally balance Ontario’s operating budget next year (with some help from accountants on how the province treats its pensions). It would be a big mistake, however, to think the ...
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Debt overload: A double whammy of provincial and federal debt will burden Ontarians
Appeared in the Toronto Sun, February 8, 2017 The Wynne government is finally promising to balance Ontario’s operating budget next year after nine consecutive deficits. If anybody thinks that means an end to growing government debt in the province of ...
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Ontario taxpayers on the hook for billions in government debt interest
Appeared in the Toronto Sun, January 25, 2017 Readers of this page are likely familiar with the growth of the Ontario’s government debt, which approximately doubled over the past decade and is expected to reach $318 billion this year. It’s important to ...
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Bad mistakes—the Ontario government has made a few
Appeared in the Toronto Sun, November 23, 2016 Recently, Premier Kathleen Wynne admitted her government is partly to blame for skyrocketing electricity prices in Ontario, nothing that her government’s policies have contributed to an “unacceptable” ...