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.

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