ontario debt

3:00AM
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While saying the public sector should focus more on outcomes, McGuinty refuses to look at the end results of his policies for Ontario’s economic performance.


3:00AM
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In his autobiography, McGuinty discusses how his first act as premier was to break his election promise and raise taxes.


3:00AM
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This year, Ontario is projected to run its eighth consecutive budget deficit, which will be approximately $7.5 billion.


11:11AM
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With budget season on the horizon, the headlines may mask the magnitude of growth in government debt.


3:00AM
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Between 2001 and 2008, Ontario provincial government spending grew at an average of five per cent annually while revenues only grew four per cent.


1:53PM
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Ontario and Quebec, Canada’s two largest provinces, recently released their fall updates on the state of government finances.


10:12AM
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As recent as 2009/10, Quebec’s per-person net debt burden was approximately $4,400 higher than Ontario’s. That gap is projected to be just $1,100 this year.


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.


1:37PM
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As Canadian governments struggle with budget deficits and mounting debt, it's important to recognize the potential long-term negative consequences of debt.


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.