ontario government spending

2:10PM
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Ford government pursuing McGuinty-style deficit-reduction strategy

According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.


12:05PM
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Ford government continues to mirror fiscal approach of its predecessors
Over three years, nominal program spending will increase by a cumulative total of 8.5 per cent.

3:49PM
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Ontario’s latest budget will keep debt interest costs rising

According to the budget, debt interest payments will total $13.1 billion in 2021/22.


3:23PM
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Ford fiscal strategy resembles McGuinty/Wynne plans—with predictable results

By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion.


9:48AM
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Ford government must dramatically change course to fulfill many promises

High spending levels increase government debt, which raises the spectre of future higher taxes and creates uncertainty for potential investors.


10:48AM
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Ford budget could represent turning point in Ontario fiscal history

Within two fiscal years of Chretien's 1995 budget, federal finances had moved from large deficits to surpluses.


11:57AM
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Ontario’s debt legacy makes balancing budget harder

According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest.


4:05PM
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Ontario’s combined government debt exceeds 100% of GDP

By 2020/21, the provincial net debt equaled $27,010 per Ontarian.