ontario finances

10:25AM
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Since 2007, Ontario has seen its net debt approximately double, from $157 billion to $308 billion.


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.


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


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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Since 1990, Ontario has accumulated nearly $265 billion in net public debt. Put another way, nearly 90 per cent of Ontario’s net public debt has been accumulated over the last 25 years.  


4:00AM
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Recent deficit reduction track record is quite weak, which is why Ontario is still running an $8.5 billion deficit in 2015/16, several years after the recent recession.