Ontario’s borrowing to fund day-to-day expenses has government debt growing at an unsustainable rate
“If the Ontario government fails to change course, its unsustainable fiscal policies could provoke further credit rating downgrades, higher borrowing costs and spiralling interest payments
By Fraser Institute Jean-François Wen—— Bio and Archives--February 4, 2015
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—Ontario’s provincial debt has grown by $117 billion since the recession, largely because of government borrowing to fund day-to-day expenses — not investments in infrastructure — finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
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