Ontario’s net debt will hit $308 billion in 2016-17 with interest payments totaling $11.8 billion. Oh, and toll lanes are coming to the QEW this spring

TORONTO—Ontario’s finance Minister Charles Souza has unveiled the province’s budget for 2016, and the document is long on promises for a better future.

It markets the provincial Liberal’s track record in terms of economic growth over the last two years of Premier Kathleen Wynne’s mandate, claiming that economic growth in Ontario is outpacing national growth (a feat made easier with the current resource and commodity woes), and forecasts this performance to continue for the next two years.

h/t Exile

  • FactsWillOut


    • You bet!

    • dance…dancetotheradio

      What’s that?

      • BOHICA. acronym, although pronounced as if it is a single word, for “Bend over! Here it comes again.

    • canminuteman

      There was a boat called that at the yacht club I used to sail at.

  • Exile1981

    New carbon tax, new booze tax, new tobacco tax…. but don’t worry all that new money will go to give from university education to people studying “transgender studies” and new green energy scams.

    • Yea, the future is gonna be swell.

      • David Murrell

        Yes but the Liberal spend, spend, spend budget got positive reviews in the Globe and Mail.

  • BillyHW

    Why don’t liberals care about the poor people that could have been helped by that 11.8 billion interest payment?

    • They don’t like poor people.

      • tom_billesley

        They like them to know their place.

  • andycanuck

    I was wondering how the “Ontario leads growth” claim was a lie. So it’s because every primary industry and manufacturing in the rest of the country currently suck kinda like how the USSR tractor production was rising 1000% a year was true; it’s just that the U.S. was producing tractors in month that the than the Soviets did in year sorta situation.

  • Etobicoke_Gladiator

    As a result, the QEW will be gridlocked non-stop at all times except late night to very early AM (like around 5AM but not too much after). Police will be forced to patrol at all times or rules will not be followed. If anything like the Pan Scam Games this past summer, people will be weaving in and out of the left lane and the roads will be dangerous. I predict some spectacular accidents and insurance companies taking note.

    Queensway and Lake Shore Boulevard will consequently be gridlocked 80% of the time, too, as well as other arterial roads, even worse than before. Pure greedy tax grab. Not safe. Not smart. Typically Liberal.

  • wow!

    that’s a lot of money!

    • tom_billesley


  • Jim Horne

    If you are employed in Healthcare or Education you should be reconsidering how you vote in the next election.

    Interest on the debt is the third largest government expenditure in Ontario.

    The Liberals have taken Ontario from a province with a $138 billion debt in 2003 to a province with a $300 billion plus debt in 2016.

    Only a princpled conservative approach to downsizing the size of government, setting expenditure priorities and growing the economy can reverse what is happening in Ontario.

    • Clausewitz

      I’m a teacher, actually a department head and I have never, ever voted Liberal or NDP. Really am getting tired of being stereotyped, but I’ll continue on with the good fight. There are still lots of teachers who are conservative, it’s just that our friends at the MSM ignore us at all costs.