From Ottawa Sun (2018-jun-06)
http://ottawasun.com/opinion/columni...f-6a62b76b90af
Ontario will still be one of the world’s most indebted non-national governments, the Liberals having hiked public debt to $325 billion in 2018, 134% higher than the $138.8 billion they inherited from the previous PC government in 2003.
All the numbers are bad and getting worse. Government spending at $158.5 billion this year, is up 114% since 2003.
The debt-to-GDP ratio, a key indicator of Ontario’s economic health (the lower, the better), is at 37.6% and rising, a 38% increase since 2003.
Paying interest on debt, which does not lower the debt by a penny, now costs Ontario taxpayers $12.5 billion annually, up 30% from 2003.
As for annual provincial deficits, Ontario’s auditor general says that last year Wynne really had a $4 billion deficit, despite her boast of a $642-million surplus.