Ontario’s Ballooning Debt

  • Provincial News

Since 2018, the year the Ontario Government took office, Ontario’s debt has ballooned by 27%. According to the Canadian Taxpayers Federation, in the five years between 2018-2023 Ontario will have paid $63,950,000,000 in interest.

Given this massive increase in debt one would expect the government to have properly funded important services such as Health, Education and Justice. But according to the independent Financial Accountability Office “there are still funding shortfalls in some sectors, including health (net $5.0 billion over three years), education ($1.1 billion) and justice ($0.8 billion).”

As we approach the government’s next budget, expected in late March, Stephen will continue to press the government to get Ontario’s spending right.