Ontario spends about nine per cent of all revenue on government debt-service payments.
Ottawa and most provincial governments have failed to offer any significant de-regulatory strategy.
The last provincial budget estimated the government will run deficits until 2023/24.
Household assets have increased from $2 trillion in 1990 to $12 trillion last year.
Ontario has seen its share of total provincial net debt rise to 51 per cent.
Economic productivity remains low, which translates into lower wage and income growth for Ontarians.
Let’s look at the expected fiscal balances in Canada’s 10 provinces for 2015/16.