ontario debt

8:38AM
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Provincial net debt has increased by approximately $160 billion since 2003/04.


4:10PM
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This year’s operating deficit will be “only” $5.7 billion in 2015/16, down from the $8.5 billion projected in last April’s budget.


3:00AM
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From 2015 to 2018, interest on Ontario's debt will grow from $11.2 billion to $13.1 billion—an increase of nearly 17 per cent.


2:57PM
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There is very little to feel reassured about when it comes to Ontario finance minister Charles Sousa’s latest budget.


3:25PM
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The Wynne government estimates it will add $11.5 billion in net debt in 2015/16.


10:46AM
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Government spending has grown approximately 47 per cent faster than the provincial economy over a 12-year period.


10:45AM
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If interest rates rise faster than expected, Ontario’s annual debt interest payments could increase by up to $857 million in 2017/18.


3:00AM
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Ontario has run a budget deficit every year during Premier Wynne's time in office.

3:00AM
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The Ontario government's fiscal projections assume revenues will grow faster than spending, when the opposite has often been the case.