ontario debt

10:58AM
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Ontarians spend nearly a billion dollars a month just to service provincial government debt.

6:42PM
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Ontario will acquire approximately $50 billion in new debt between now and 2020/21.


9:00AM
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Ontario’s cumulative deficit from 2009 to the end of last year was approximately $81.9 billion—50 per cent more than projected in 2009.


1:55PM
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Ontarians are already burdened by a $300 billion provincial net debt that has ballooned over the past decade.


8:38AM
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Provincial net debt has increased by approximately $160 billion since 2003/04.


4:10PM
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This year’s operating deficit will be “only” $5.7 billion in 2015/16, down from the $8.5 billion projected in last April’s budget.


3:00AM
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From 2015 to 2018, interest on Ontario's debt will grow from $11.2 billion to $13.1 billion—an increase of nearly 17 per cent.


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.