TORONTO—The Ontario government could balance the province’s budget this fiscal year if it reduces program spending to levels maintained by the previous government in 2015/16, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“The current Ontario government—when it was in opposition—was highly critical of the previous government’s spending levels but, actually, has increased spending further since taking office. In fact, Ontario could balance its budget this spring by lowering its spending to those it inherited,” said Ben Eisen, senior fellow at the Fraser Institute and co-author of Learning from Ontario’s Past: How Ontario Can Avoid Another Post-Recession Debt Binge.
