TORONTO—The Ontario government is adding billions to the provincial debt with its 2017 budget, released today, and has failed to respond adequately to the daunting fiscal challenges still facing the province.
“The government may have finally presented a balanced operating budget after nine consecutive deficits, but it still plans to add billions more to the debt and the province’s finances are still in trouble,” said Ben Eisen, director of provincial prosperity studies at the Fraser Institute.
Today’s budget calls for $34 billion in new debt over the next three years.
