Ontario’s So-Called Balanced Budget Is the Diet That Makes You Fat

• Despite claims of a balanced budget, Ontario’s debt is set to grow by $12.6 billion over two years
• Government is promising a government subsidized drug plan for people into their mid-twenties, with no costing or policy details in budget

By Canadian Taxpayers Federation -- Christine Van Geyn, CTF Ontario Director-- Bio and Archives--April 27,2017

Canadian News, Opinion | Comments | Back To Full Article

TORONTO, ON: The Canadian Taxpayers Federation is slamming the Ontario government’s claims to have balanced the budget after nine years of deficits, because the budget will add $12.6 billion in debt by 2019. “It’s like a diet that makes you fat - it’s a so-called balanced budget that makes the debt get bigger,” said CTF Ontario Director, Christine Van Geyn. “The truth is that this isn’t a balanced budget when the debt clock keeps ticking higher.” The budget also confirmed that Ontario continues to spend over $11 billion per year on debt interest, making interest the province’s fourth largest expense. Interest on debt is expected to grow, exceeding $12 billion next year.

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Ontario’s So-Called Balanced Budget Is the Diet That Makes You Fat

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