TORONTO—Ontario’s debt is expected to continue to grow—increasing by approximately $9 billion next year—despite the government’s promise to finally balance its budget this spring, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Even if Queen’s Park balances the budget, it will still add billions to the provincial debt with no end in sight,” said Ben Eisen, director of the Fraser Institute’s Ontario Prosperity Initiative and co-author of Hold the Celebration: A Balanced Budget Won’t End Ontario’s Fiscal Challenges.
