Fiscal restraint? Doug Ford's Ontario government spent billions more than Wynne had planned in 2018-19 - 2019-09-05

From UmbraXenu
Jump to: navigation, search
F0.png Fiscal restraint? Doug Ford's Ontario government spent billions more than Wynne had planned in 2018-19 September 5, 2019, Jasmine Pickel, Opinion, Financial Post

So when it comes to the Ontario Progressive Conservative party's financial performance, let's start by commending the government's Fiscal Sustainability, Transparency and Accountability Act, which improves transparency in public reporting. That includes the recently released first quarter report. Fixing the fiscal mess in Ontario requires being transparent with the populace about just how dire their finances are. So great work there.

However, if the report makes one thing clear, it's that the government has a lot of work to do to get Ontario's spending under control.

Premier Doug Ford's government was elected to clean up the fiscal mess left behind by its predecessors — $325 billion of debt to be exact, which marks a staggering increase of 134 per cent from the time the Ontario Liberals took office in 2003. At the time of the June 2018 election, the previous government was spending $40 million more every day than it was collecting in revenue. Let that sink in for a moment.

Wikipedia cite:
{{cite news | first = Jasmine | last = Pickel | title = Fiscal restraint? Doug Ford's Ontario government spent billions more than Wynne had planned in 2018-19 | url = https://business.financialpost.com/opinion/doug-fords-ontario-government-spent-billions-more-than-wynne-had-planned-in-2018-19 | work = Opinion | publisher = Financial Post | date = September 5, 2019 | accessdate = September 6, 2019 }}