Ontario’s net debt increased from $373.6 billion in 2020/21 to $380.4 billion in 2021/22.
Blog - Fraser Forum
The province holds $380.4 billion in debt—or nearly $26,000 per Ontarian.
The province eliminated its rainy-day account in 2007/08.
Research shows that previous legislation prohibiting the possession and acquisition of certain firearms made no discernable impact on homicide rates.
Governments in Alberta have a long history of increasing provincial spending during periods of high resource revenue, which inevitably leads to deficits once resource revenues decline.
According to forecasts, federal spending will be $89.2 billion higher than previously projected for 2022/23 and $80.7 billion higher in 2023/24.
The government plans to increase spending by 8.6 per cent.
Manitoba, Saskatchewan and New Brunswick are among the lowest-scoring provinces on both assessments.
At every opportunity, the government has spent unexpected revenue windfalls.
Ontario is roughly three times larger than both B.C. and Alberta.