Ontario debt to soar by $50 billion over four years: FAO

Ontario’s financial watchdog is warning the province’s debt is set to jump by $50 billion over the next four years.

In a statement Tuesday, the office of Ontario Financial Accountability Officer Stephen LeClair says the province’s net debt will jump by $50 billion to $350 billion by 2020-21. The FAO warns that Ontario’s debt burden is one of the highest among provincial governments in Ontario. An interest rate hike could put the province’s credit at risk, the statement says.

  • Clink9

    The only thing that matters is we have a lesbian in charge. It’s only money.

    • Damn right.

      • Raymond Hietapakka

        Best Man for The Job.

        • simus1

          The opposition parties “alternative governing units” on offer over the years have been a long string of ……………………
          what is the word 10 levels down from “rent seeker scaring world class losers from Loserville ?

    • terrence22

      Other people’s money…

  • ontario john

    That’s homophobic. Besides the polls show that she could win again, because we are all nuts here in Sunny Ways Ontario.

  • Ed

    Like P. J. O’Rourke said, “…Giving money and power to government is like giving whiskey and car keys to teenage boys.”

  • xavier

    Gee I don’t Quebec indebted itself that much. I bet Saskatchewan and the Atlantic provinces look promising.
    Even Quebec under Coulthard is an oasis of frugality compared to Ontario now

    • Waffle

      Lots on the plus side in La Belle Province — excellent home grown wine and cheese and jobs — especially in the north where the mining towns are booming. Even in the south. Quebec has an abundance of mineral resources.

  • DMB

    Wynne just needs to wear lots of make up …

  • Surele Surele

    I hate to keep saying to my friends: “I told you so”…. No, I don’t.

    • Clink9

      It never gets old.

  • ontario john

    And Little Justin is trying to catch up to his lesbian buddy. He is on a spending spree again, giving hundreds of millions to Iraq. I guess they can build a nice mosque with it. And he is hiring a whole bunch of new ambassadors

    • Clink9

      I hope the mosk has His, Hers, and Others washrooms.

      • dance…dancetotheradio

        I want to see that enforced.
        And on video.

  • Spatchcocked

    Ontario….Venezuela by the lakes!

    A rabid dyke commie nitwit hijacks the richest province in Canada….the union whores and civil service aid and abet her….then the taxpayers pay off the debt in knock on fashion for three generations further hobbling their children’s and grand children’s futures.

    What the hell…what the hell.

  • Ron MacDonald

    It’s time to divide Ontario into several provinces.

    • simus1

      The French River would make an ideal southern border if we seceded and joined Manitoba. Of course we would be surrounded everywhere by “First Nations Land (i. e. corrupt Liberal plantations fronted by their stooges). But it would at least be more entertaining than GLLKDW’s version.

      • El Martyachi

        Welcome to the Mantario project…

    • WalterBannon

      If this is your plan for commencing the civil war i am all in….

    • Raymond Hietapakka

      I’m all for that. New NE-SW border 5 mi. S. of Sudbury…We’ll take Cobalt, Kirkland Lake, Timmins….I want all the rock. The militias in central Ontario are weak. We’ll raid them.

    • Waffle

      .8 percent growth in a 3 month period is really something to celebrate.

      The only track we’re on is a one-way track to certain destruction.

      • The thing is that there are morons out there who really believe her tripe.

  • Raymond Hietapakka

    …up here, at least there’ll be wild rabbits and squirrels to eat…

    • Clink9

      Cousin Eddy said squirrels were high in cholesterol.

      • Alain

        Not true and they are very tasty when properly prepared and cooked.

  • Joseph Shmeau

    The FAO warns that Ontario’s debt burden is one of the highest among provincial governments in Ontario.

    Can’t disagree with that :^) . I’ve read that it may be the highest debt of any non-sovereign government (state, province, etc.) in the world.

  • Gary

    I’m so glad I was on record with a prediction that Wynne was lying about the balance Budget for 2017 and knew she would drive up the debt towards $400 billion with a fake crisis. She will commit Election fraud one more time to buy off the Public sector idiots too stupid to know they are in a Ponze scheme that is worse than ENRON or NORTEL .

    The Government brought in the Diversity quotas for private businesses but had to face the facts that the upper strata of the public Unions has 25 year plus WHITE people born in Canada to Canadians parents.
    CUPE and OPSEU would not allow McGuinty to let go of all those White Citizens with seniority just to replace them with Token Diversity staff to meet the Gov’s own target Numbers as a % .
    Toronto is close to 50% non-white which is what is used for Diversity Quotas even if the National number is around 10% of the population. So as more non-whites pour into Toronto the more non-white must be hired by the Government that is based in Toronto.
    This is why we saw Ontario grow by just 11% but the Government employee population grew by close 28% even with Automation by Kiosks plus Online services to avoid have to Phone with a question .
    Think I’m kidding , take note of the staffing that next time you’re in a Government service office where it will be normal to see 70% women and 30% non-whites…then take a look at the CUPE protests or Labour Day parade at the CNE that is senior Union members and around 90% whites.