If Ontario’s true financial debt picture is closer to $350 billion than $300 billion, then Ontario is much closer to hitting the fiscal wall, and appropriate fiscal action should be taken sooner, than later
Has Wynne’s Ontario Liberal Government Understated Ontario’s Total Debt?
Currently, according to the Ontario Financing Authority and the Budget of 2014, the Province of Ontario owes a total of $295.8 billion in debt- consisting of $282.9 billion in public debt to the general public and institutions and $12.9 billion in non-public debt to public sector pension funds in Ontario and the Canada Pension Plan Investment Board (CPPIB).
