Ontario’s net debt has approximately doubled over the last decade and now stands at roughly $300 billion—or $21,000 per Ontarian.
ontario government spending
December 9, 2015
3:00AM
While some provinces have taken steps to rein in spending and balance budgets, Ontario is a laggard and Alberta has embarked on a new road to debt.
December 4, 2015
9:03AM
The Ontario government is considering subsidies for the province’s fashion industry, which is a bad a idea for many reasons.
December 2, 2015
9:29AM
Ontario’s government is spending more than it takes in each year. This year will represent the province’s eighth consecutive budget deficit.
November 26, 2015
11:59AM
On Thursday, Finance Minister Charles Sousa will provide an update for Ontarians on the state of provincial government finances.
November 13, 2015
2:35PM
The Ontario government has dug itself deep into debt and continues to spend more than the revenue it brings in each year.
June 25, 2015
10:00AM
According to the Globe and Mail, Ontario Premier Kathleen Wynne has a new advisor, former TD Bank chief executive officer, Ed Clark. Mr. Clark will apparently advise the government on a host of issues including finding new sources of revenue to help balance the provincial budget.
June 19, 2015
10:00AM
Ontario’s chronic budget deficits have been a problem for more than a decade, as they initially surfaced during the early 2000s but came back with a vengeance once the recession struck.
January 25, 2015
9:00AM
How governments manage their finances matters a great deal. Spend and borrow too much and the result is a spiral of increasing deficits that create ever higher debt. Then, ever-more tax dollars end up spent on debt interest—not on education, health care, administering provincial courts, or other areas in which provincial governments are involved.