Ontario’s chronic budget deficits have been a problem for more than a decade, as they initially surfaced during the early 2000s but came back with a vengeance once the recession struck.
ontario government spending
January 25, 2015
9:00AM
How governments manage their finances matters a great deal. Spend and borrow too much and the result is a spiral of increasing deficits that create ever higher debt. Then, ever-more tax dollars end up spent on debt interest—not on education, health care, administering provincial courts, or other areas in which provincial governments are involved.
December 13, 2014
10:00AM
When the federal government faced a growing debt problem in the late 1980s, then Opposition finance critic Paul Martin was initially skeptical about cutting spending.
July 19, 2014
6:00AM
The other day former Ontario Premier Bob Rae, fumed at a column by economist Jack Mintz who noted the similarities between the current Kathleen Wynne government and Rae’s reign as premier of Ontario, specifically the “high deficits, debt and taxes.”
March 24, 2012
3:00AM
If Ontarians are to believe Finance Minister Dwight Duncan, next weeks provincial budget will be the most significant budget this government has ever delivered. Lets hope so. With a deficit of nearly $16 billion this year and several more expected over the coming years, Ontarians desperately need and deserve a plan to return fiscal sanity to the province.