Of the $4 billion earmarked for 2016/17, only $1.6 billion will go to public transit and other municipal infrastructure.
program spending
This year alone, spending is projected to increase by $20.5 billion, a 7.6 per cent jump.
A GAI would likely require large-scale lay-offs of bureaucrats to achieve substantial administrative savings—a move that would obviously face strong internal political opposition.
The province is facing a nearly $2 billion projected operating deficit.
Ontario’s net debt has approximately doubled over the last decade and now stands at roughly $300 billion—or $21,000 per Ontarian.
Canada enjoyed an economic and fiscal renaissance starting in the mid-1990s that lasted more than a decade.
The Ontario government has dug itself deep into debt and continues to spend more than the revenue it brings in each year.
If the first step towards remedying a problem is admitting that you have one, Alberta is a long way away from fixing its budget woes.
Alberta’s budget, to be unveiled on Oct. 27, will contain the province’s seventh deficit in the last eight years, most recently projected at $5.9 billion.