Saturday, February 27, 2016

ONTARIANS OWE $22,500 PER PERSON BY 2018

Ontario continues to face significant fiscal challenges and the fact is spending restraint will be required in the years ahead. The downward revisions in the province’s deficit projections (totalling $2 billion between this year and next) can be put into context by considering that the province has increased its net debt by a total of approximately $160 billion between 2003/04 and 2015/16. In total, Ontario’s net debt is projected to reach $317 billion in 2017/18
 
 

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