ontario government debt

10:24AM
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The Wynne government is finally promising to balance Ontario’s operating budget, but if anybody thinks that means an end to growing government debt, they should think again.

8:41AM
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The total government debt-servicing costs for Ontarians in 2016/17 is a projected $21.2 billion.

12:39PM
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Between 2003 and 2014, inflation-adjusted per-person economic growth in Ontario averaged just 0.3 per cent annually.

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


3:00AM
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Annual average job-creation for 2014 to 2016 is below the rate seen during the immediate post-recession recovery period.


2:50PM
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Ontario will run its eighth consecutive budget deficit in 2015/16, with a projected $7.5 billion shortfall.


10:48AM
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Ontario’s net debt has approximately doubled over the last decade and now stands at roughly $300 billion—or $21,000 per Ontarian.


2:35PM
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The Ontario government has dug itself deep into debt and continues to spend more than the revenue it brings in each year.