Ontario will run its eighth consecutive budget deficit in 2015/16, with a projected $7.5 billion shortfall.
interest payments
Janvier 13, 2016
10:40AM
Since 2007/08, combined federal and provincial government net debt has grown from $834 billion to $1.3 trillion.
Janvier 13, 2016
9:49AM
All Canadian governments cumulatively spent $60.8 billion on interest payments in 2014/15, almost as much as all spending on K-12 public education.
Avril 29, 2015
7:00AM
As expected, the 2015 federal budget had the general feel of an election budget, with a small surplus and a smattering of initiatives to satisfy various voting groups.
Avril 25, 2015
10:00AM
Imagine you’re near what you thought was a dormant volcano but it suddenly erupts. Assuming you escape, you might later reflect that there was nothing “sudden” about it.
Novembre 18, 2014
10:00AM
There was an aura of complacency in Queen’s Park as the Ontario government released its update on the state of provincial finances.
Août 25, 2014
6:00AM
Canadian headlines about government deficits and debt can be dizzying and hard for people to grasp. A few billion here and several billion there and the natural response is for one’s eyes to glaze over in despair. But the increasing government debt has tangible and immediate consequences that affect Canadian families today and into the future.
Mai 27, 2014
2:00AM
A new report on provincial debts and deficits by Moody's, the international credit rating agency, is another piercing reminder of Ontario's serious fiscal challenges.
Mars 13, 2014
3:00AM
It's now several days into the Quebec election campaign and some key issues are starting to emerge. There's been the usual focus on high-profile candidates, speculation about a future referendum, and an ongoing debate about how to accommodate the traditions and cultures of those new to the province.