National Newswatch

Ford government must avoid fiscal mistakes of predecessors

Feb 20 2021 — Steve Lafleur and Jake Fuss — The Ford government released Ontario’s 2020/21 third quarter fiscal update last week. As expected, the numbers were ugly. The Department of Finance now anticipates a $38.5 billion budget deficit for this fiscal year. Moreover, the Financial Accountability Officer projects that while the deficit will decrease substantially by 2024/25, it will remain “stuck” at $16 billion […]

Ontario’s new finance minister must recognize the importance of budget balance

Jan 16 2021 — Steve Lafleur and Jake Fuss — With the resignation of Rod Phillips, Ontario’s incoming finance minister Peter Bethlenfalvy inherits a difficult job. The province’s fiscal challenges long pre-date the global pandemic. Queen’s Park has mostly run uninterrupted budget deficits since 2008/09. Both the McGuinty and Wynne governments sketched out long paths to budget balance, neither of which came to pass. The […]