By Fraser Institute —— Bio and Archives August 21, 2018
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Maintain 2017/18 spending levels: Maintaining spending at 2017/18 levels would achieve balance by 2020/21 and also free up an additional $15 billion in fiscal room, which could be used to reduce taxes. Reduce program spending: A five per cent reduction in spending from 2017/18 levels would achieve balance by 2020/21 and free up $21 billion in fiscal room.“Ontario’s fiscal challenges are real, but they are not intractable. With a commitment to spending discipline, the new government has every opportunity to right the ship,” said study co-author Livio Di Matteo, Fraser Institute senior fellow and economics professor at Thunder Bay’s Lakehead University. “If the government gets this right, it opens the door for other important reforms that can boost the economy, enhance competitiveness and ultimately improve the economic opportunities and quality of life for Ontarians.” Media Contact: • Ben Eisen, Senior Fellow (in Toronto), Fraser Institute • Livio Di Matteo, Senior Fellow, Fraser Institute MEDIA CONTACT: Bryn Weese, Media Relations Specialist, Fraser Institute, bryn.weese@fraserinstitute.org
The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute’s independence, it does not accept grants from governments or contracts for research. Visit fraserinstitute.org.
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