TORONTO—Ontario’s net debt (total government debt minus financial assets) will equal 47 per cent of the provincial economy by the end of this fiscal year, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
“If the Ford government wants to work towards eliminating the province’s historically large deficits, it must address the spending side of the ledger,” said Steve Lafleur, a Fraser Institute senior policy analyst and co-author of Lessons for the Ford Government from the 1995 Federal Budget.
