“… the inquiry was authorized under the Public Inquiries Act, 2009 to assess the previous government's accounting practices, and to provide advice and recommendations on how the government can restore trust in Ontario's finances. … The Province has reported deficits in 20 of the previous 27 years. Over the same period, Provincial net debt grew by $263.2 billion and Ontario's ratio of net debt-to-GDP ratio grew from 13.4 per cent to 38 per cent. Borrowing gives rise to intergenerational inequity concerns.”

comments powered by Disqus