Ontario spent $12.5 billion on government debt interest in 2020/21.
budget deficit
January 14, 2021
3:28PM
September 17, 2020
8:39AM
A growing size of government produces deficit-spending and debt.
July 27, 2020
9:49PM
The Trudeau government’s recent fiscal update forecasted a $343 billion deficit this year.
June 18, 2020
1:32PM
Budget include an additional $185 million in transfers from Ottawa.
May 1, 2020
11:38AM
Total provincial government deficits will reach an estimated $63.0 billion this year.
October 21, 2019
11:30AM
Governments elected via proportional representation are more likely to run deficits.
August 2, 2019
8:01AM
The federal deficit was approximately $19 billion in both 2016/17 and 2017/18.
July 25, 2019
2:49PM
Ontario’s debt burden is forecasted to increase by $48.2 billion between 2018 and 2023.
May 14, 2019
4:13PM
Government debt redistributes resources from the entire population to the wealthy holders of the debt.
November 26, 2018
1:52PM
The federal government expects the deficit in 2018-19 to reach $18.1 billion and grow next year to $19.6 billion.