The projected deficit will hit $9 billion in 2019-20.
Blog - Fraser Forum
Compared to 2007, Ontario had 170,000 fewer manufacturing jobs in 2017.
The equalization program will cost nearly $20 billion this year.
In many cases, municipal employee wages were harmonized upwards.
Ontario's provincial net debt is pushing $360 billion.
To eliminate the deficit, the government’s four-year plan will cut program spending by 1.6 per cent over four years.
Additional spending reductions would have created additional fiscal room for pro-growth tax reform.
Appeasing Beijing can come with financial and reputational costs.
On average, the METR for modest-income families is 46 per cent compared to 43 per cent for the highest-income families.
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