ontario government spending

10:45AM
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By 2015/16, combined federal and provincial government net debt in Canada is expected to reach $1.3 trillion.

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.


3:00AM
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While some provinces have taken steps to rein in spending and balance budgets, Ontario is a laggard and Alberta has embarked on a new road to debt.  


9:03AM
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The Ontario government is considering subsidies for the province’s fashion industry, which is a bad a idea for many reasons.


9:29AM
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Ontario’s government is spending more than it takes in each year. This year will represent the province’s eighth consecutive budget deficit.


11:59AM
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On Thursday, Finance Minister Charles Sousa will provide an update for Ontarians on the state of provincial government finances.


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.


10:00AM
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According to the Globe and Mail, Ontario Premier Kathleen Wynne has a new advisor, former TD Bank chief executive officer, Ed Clark. Mr. Clark will apparently advise the government on a host of issues including finding new sources of revenue to help balance the provincial budget.


10:00AM
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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.