ontario budget

2:57PM
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There is very little to feel reassured about when it comes to Ontario finance minister Charles Sousa’s latest budget.


3:25PM
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The Wynne government estimates it will add $11.5 billion in net debt in 2015/16.


10:46AM
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Government spending has grown approximately 47 per cent faster than the provincial economy over a 12-year period.


10:45AM
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If interest rates rise faster than expected, Ontario’s annual debt interest payments could increase by up to $857 million in 2017/18.


3:00AM
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Ontario has run a budget deficit every year during Premier Wynne's time in office.

3:00AM
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The Ontario government's fiscal projections assume revenues will grow faster than spending, when the opposite has often been the case.

9:29AM
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Ontario’s government is spending more than it takes in each year. This year will represent the province’s eighth consecutive budget deficit.


11:59AM
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On Thursday, Finance Minister Charles Sousa will provide an update for Ontarians on the state of provincial government finances.


10:17AM
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The Ontario government's strategy to eliminate the projected $8.5 billion deficit has largely hinged on hoping revenues will grow robustly and eventually catch up to spending increases. This is a risky strategy.


9:30AM
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The Ontario government has pledged to eliminate its budget deficit by 2017/18. However, the government’s recent record on fiscal issues casts doubt on whether it will meet this target.