ontario deficit

9:48AM
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Upcoming budget last chance for Ford government to keep fiscal promises in first term

The government has increased per-person spending by more than 10 per cent between 2018/19 and 2020/21.


2:10PM
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Ford government pursuing McGuinty-style deficit-reduction strategy

According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.


12:05PM
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Ford government continues to mirror fiscal approach of its predecessors
Over three years, nominal program spending will increase by a cumulative total of 8.5 per cent.

3:49PM
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Ontario’s latest budget will keep debt interest costs rising

According to the budget, debt interest payments will total $13.1 billion in 2021/22.


3:23PM
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Ford fiscal strategy resembles McGuinty/Wynne plans—with predictable results

By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion.


10:44AM
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The government has run budget deficits every year since 2008/09.


4:05PM
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Ontario’s combined government debt exceeds 100% of GDP

By 2020/21, the provincial net debt equaled $27,010 per Ontarian.