The May 2 minority Liberal budget is a politically expedient document that likely avoids an election but unfortunately fails to tackle Ontario's looming fiscal crisis. The longer the province waits, the more difficult and painful the reforms will be when the inevitable day of reckoning arrives.
ontario budget
Avril 11, 2012
2:00AM
The recent federal and Ontario budgets produced a plethora of headlines about how the public sector should brace for changes to its costly pension deals. The dramatic language was in part provoked by lines like this from the Ontario budget: Pension costs are one of the fastest-growing line items and the status quo is not an option.
Mars 28, 2012
2:00AM
On Tuesday, Ontario Finance Minister Dwight Duncan had one of those rare opportunities of which politicians can only dream. With his province heading toward a fiscal crisis caused by mounting debt and out-of-control spending, an opposition sympathetic to dealing with the problem, a public that clearly wants his government to address the debt, and news outlets that understand the need for significant fiscal restraint, everything lined up for Duncan.
Mars 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.