ontario government spending
Since the recession, Queen’s Park has failed to take meaningful action to reform and reduce program spending.
Ontario increased its top marginal personal income tax rate by about 17 per cent.
The province is on track to run its ninth consecutive multi-billion dollar budget deficit.
Since 2007, Ontario has seen its net debt approximately double, from $157 billion to $308 billion.
Ontario will acquire approximately $50 billion in new debt between now and 2020/21.