ontario budget

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On Tuesday, Ontario Finance Minister Dwight Duncan had one of those rare opportunities of which politicians can only dream. With his province heading toward a fiscal crisis caused by mounting debt and out-of-control spending, an opposition sympathetic to dealing with the problem, a public that clearly wants his government to address the debt, and news outlets that understand the need for significant fiscal restraint, everything lined up for Duncan.

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If Ontarians are to believe Finance Minister Dwight Duncan, next week’s provincial budget will be “the most significant budget this government has ever delivered.” Let’s hope so. With a deficit of nearly $16 billion this year and several more expected over the coming years, Ontarians desperately need and deserve a plan to return fiscal sanity to the province.