Canadians Are Counting All The Ways Doug Ford Has Overspent Ontario's Budget - 2019-09-05
Doug Ford and the Progressive Conservatives just released their First Quarter finance report for 2019-2020. The report is totally transparent in what is going on with Ontario's finances. As one analysis found, Doug Ford's budget spending might take things in the right direction, but there still may be a long way to go.
In an analysis by the Financial Post, it was found that Doug Ford's government is currently spending more than Kathleen Wynne and the Liberals had planned to in 2019. In the 2018-2019 fiscal year alone, Ford and his party reportedly added nearly $12 billion to the province's debt. Interest charges on Ontario's current debt make up nine percent of all revenue, to the tune of $13 billion.
The Fraser Institute, as noted in the Financial Post piece, found that Ontario will have $42 billion added to its deficit before seeing a balanced budget in 2023.