ontario budget

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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.

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Ford government presiding over massive growth of debt and debt interest costs

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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.

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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.

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Ford government must dramatically change course to fulfill many promises

High spending levels increase government debt, which raises the spectre of future higher taxes and creates uncertainty for potential investors.

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Ford budget could represent turning point in Ontario fiscal history

Within two fiscal years of Chretien's 1995 budget, federal finances had moved from large deficits to surpluses.

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Ontario’s debt legacy makes balancing budget harder

According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest.