Ontario’s net debt up 91% since 2007/08

TORONTO – Taxpayers are up to their eyeballs in debt thanks to their governments.

In particular, the Ontario government’s net debt has grown by almost 91% in less than 10 years — the highest rate of growth of any federal or provincial government in Canada, a new Fraser Institute report shows.

“Ontario’s debt growth has attracted negative attention from international credit agencies and research shows that the rate of debt accumulation is not sustainable over the longer term,” says the Fraser report — released Tuesday.

  • ontario john

    Hey, this is “Sunny Ways” Ontario. We don’t care about silly things like debt and taxes. We have great homosexual parades and environmental loons tearing apart pipelines to amuse ourselves. And now that Wynne’s aides have all flocked to Ottawa, the whole country can enjoy the show.

  • Ron MacDonald

    It truly is time to divide Ontario into several provinces failing which the Toronto and Ottawa areas will decide who governs us.

  • My wish is that all of this can be transferred to Ontario Liberal voters and the debt must be paid by April 30th.

    Happy times.

    • Alain

      It certainly didn’t register with the voters who kept voting Liberal.

  • canminuteman

    This is going to end badly for all of us.

  • Mr_bigstuff

    This has to be good enough reason to have somebody approach the Lt Governor to dissolve parliament and force an election – Somebody somewhere must care about the future generations – Otherwise the liberal pigs will ‘keep on troughin’!

  • Clear Thinker

    I went to university with some of these folks. They are making us live what they were saying 35 years ago. I will be out of this province soon, and you wont be able to tax my hefty public service pension and I will strip the consumer of their money through Hydro dividends. Stop the madness, come join in the fun. At some point Ontario wont be able to borrow, not quite there yet, but one day the bond holders will say, “roll over the bonds? Give 3 % more on the coupon and we might think about it.” Then it will be fun times.

  • Brett_McS

    Onward and Upward!

  • Exile1981

    Wynne must be so proud of her achievement.