ontario government debt

12:39PM
Printer-friendly version
Between 2003 and 2014, inflation-adjusted per-person economic growth in Ontario averaged just 0.3 per cent annually.

10:25AM
Printer-friendly version

Since 2007, Ontario has seen its net debt approximately double, from $157 billion to $308 billion.


3:00AM
Printer-friendly version

Annual average job-creation for 2014 to 2016 is below the rate seen during the immediate post-recession recovery period.


2:50PM
Printer-friendly version

Ontario will run its eighth consecutive budget deficit in 2015/16, with a projected $7.5 billion shortfall.


10:48AM
Printer-friendly version

Ontario’s net debt has approximately doubled over the last decade and now stands at roughly $300 billion—or $21,000 per Ontarian.


2:35PM
Printer-friendly version

The Ontario government has dug itself deep into debt and continues to spend more than the revenue it brings in each year.


10:00AM
Printer-friendly version

When the federal government faced a growing debt problem in the late 1980s, then Opposition finance critic Paul Martin was initially skeptical about cutting spending.


6:00AM
Printer-friendly version

The other day former Ontario Premier Bob Rae, fumed at a column by economist Jack Mintz who noted the similarities between the current Kathleen Wynne government and Rae’s reign as premier of Ontario, specifically the “high deficits, debt and taxes.”