Government debt redistributes resources from the entire population to the wealthy holders of the debt.
debt and deficits
August 20, 2019
1:00AM
August 1, 2018
2:53PM
In 2017/18, Ontario’s net debt reached $308 billion.
July 26, 2018
1:41PM
In 2012, government spending declined by 7.3 per cent.
June 29, 2018
2:53PM
The Notley government increased spending by nearly 13 per cent over is first two full fiscal years in office.
February 1, 2018
5:00AM
In 2016-17, the deficit was $0.991 billion but $6.276 billion was added to the net debt.
November 22, 2017
5:00AM
As the economic role of government expanded in 20th century Canada, governments lost sight of the law of diminishing returns.
November 10, 2017
2:32PM
Ontario’s unemployment rate crept up slightly to 5.9 per cent in October.
September 11, 2017
5:00AM
Ontario’s net debt will rise to a projected $336 billion.
July 6, 2017
4:30AM
Ontario has seen its share of total provincial net debt rise to 51 per cent.