Fearless Leader Kim Dong Wynne Achieves Goal Of Being The Social Justice Premier – Ontario Flat Broke

Ontario on brink of fiscal fiasco: Fraser report

TORONTO — Ontario and its ballooning debt are on a collision course with fiscal reality, a new Fraser Institute report suggests.

The province’s net debt could swell to 66% of GDP by 2019-20 if the government doesn’t slow the rate of health and education spending adopted over the past decade, the report’s authors conclude. The State of Ontario’s Indebtedness — Warning Signs to Act, says the province is in far worse shape debt-wise than cash-strapped California, and could use the lessons learned from Greece to avoid a similar fiscal fate.