Ontario needs to look to Quebec for debt management strategies

Governments need to start planning for the recovery and developing plans to put their finances in order

Ontario needs to look to Quebec for debt management strategiesBy Steve Lafleur and Jake Fuss The Fraser Institute As expected, every government budget in Canada this year has been covered in red ink. The pandemic has squeezed tax revenue while governments have boosted spending to combat the public health crisis and deep recession. But after a year of social distancing and with the rollout…

Ontario government’s budget built on a hope and a prayer

Ford government acting like an ostrich with its head firmly buried in the sand

Ontario government’s budget built on a hope and a prayerAs Ontario’s finance minister rose in the legislature to present the government’s 2021 budget, it became painfully clear that the Ford government is acting like an ostrich with its head firmly buried in the sand. When the Ford government released its first pandemic budget in November of 2020, then-finance minister Rod Phillips promised that a…

Ontario government must avoid fiscal mistakes of its predecessors

The government must craft a credible short-term plan to eliminate the budget deficit

Ontario government must avoid fiscal mistakes of its predecessorsBy Steve Lafleur and Jake Fuss The Fraser Institute The Ford government released Ontario’s 2020/21 third quarter fiscal update last week. As expected, the numbers were ugly. The Department of Finance now anticipates a $38.5 billion budget deficit for this fiscal year. Moreover, the Financial Accountability Officer projects that while the deficit will decrease substantially…

More spending on public schools not producing better results in Ontario

Quebec spending per student is 13.6% less than in Ontario yet Quebec students achieve comparable results to students in Ontario

More spending on public schools not producing better results in OntarioBy Tegan Hill and Jason Clemens The Fraser Institute Policy-makers in Ontario often mistakenly think more spending on public education automatically means better results. But despite relatively high and increasing levels of spending on public schools, there hasn’t been a commensurate boost in student performance. More spending on public education doesn’t always mean better results.…

Ontario must quickly balance budget in wake of pandemic

Deficits might seem like an abstract problem for the future but in Ontario this simply isn’t the case

Ontario must quickly balance budget in wake of pandemicBy Steve Lafleur and Jake Fuss The Fraser Institute New Ontario Finance Minister Peter Bethlenfalvy inherits a difficult job from Rod Phillips. The province’s fiscal challenges long predate the pandemic. The province has mostly run uninterrupted budget deficits since 2008-09. The governments of both Dalton McGuinty and Kathleen Wynne sketched out long paths to budget…

Ontario budget update misses mark in face of COVID-19

The plan is based on unrealistic assumptions that pose real risks to Ontario finances and includes spending likely to be ineffective

Ontario budget update misses mark in face of COVID-19By Jason Clemens and Niels Veldhuis The Fraser Institute With all the announcements last week by the federal government, and the drama surrounding the passage of the federal spending bill, the Ontario fiscal update went largely unnoticed. But since Ontario is Canada’s largest province – in population and the size of its economy – so…