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Ontario budget—more spending, more debt

This afternoon, Ontario’s Finance Minister Charles Sousa delivered the provincial government budget for fiscal year 2017/18. Headlines will likely focus on the government’s first balanced operating budget in a decade.A deeper look at the numbers, however, shows that the province’s fiscal problems are far from solved. In short, this budget does not successfully address the substantial fiscal challenges facing Ontario.Here are a few of the most important facts emerging from this year’s provincial budget.Significant spending growth is back in vogueProvincial program spending for 2017/18 is expected to increase by 4.8 per cent compared to the previous year. That’s a far

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