Provincial debt servicing costs now total approximately $1 billion this year and constitute 2.4 per cent of total provincial revenues.
debt interest payments
January 25, 2017
8:41AM
The total government debt-servicing costs for Ontarians in 2016/17 is a projected $21.2 billion.
January 23, 2017
3:00AM
The more money governments spend on interest payments, the less money is available for programs and services.
January 19, 2017
11:41AM
Ottawa can expect to run deficits every year from now until 2051, racking up at least $900 billion in new debt.
February 24, 2016
1:30AM
February 3, 2016
2:50PM
Ontario will run its eighth consecutive budget deficit in 2015/16, with a projected $7.5 billion shortfall.
June 5, 2015
9:00AM
The Ontario government has never made a secret of its desire to have the federal government help fund Ontario’s provincial budget. It even started its own think-tank with $5 million in 2009, which regularly publishes reports that call on the federal government to rescue Ontario’s provincial finances.
