wynne14

Ontario’s debt plan—weak and risky

Ontario’s finances remain in deep trouble, despite last month’s announcement of a balanced operating budget for 2017/18. The province still has $312 billion in net debt, and expects to pile on more than $11 billion in new debt annually over the next three years.At Queen’s Park, the Wynne government wants to reduce the debt-to-GDP ratio, which measures the size of the government’s debt relative to the resources available in the economy to service that debt, from its current level (37.5 per cent) to pre-recession levels (27 per cent).In the past, we repeatedly criticized the government for not presenting a timeline

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