Matthew Lau: What the Ontario budget should do — but probably won’t via fpcomment
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To recap: in 2017-18, the last year the Liberals were in power, program spending was 17.3 per cent of GDP. Doug Ford promised “the party is over with the taxpayers’ money,” won a majority government in June 2018, and proceeded to spend in 2018-19 at the same level: 17.3 per cent of GDP. This he brought down slightly to 17 per cent in 2019-20, before spending 19.5 per cent and 17.8 per cent of GDP in the pandemic years of 2020-21 and 2021-22.
the Ontario government planned another spending bonanza: $186.2 billion including reserves, representing 18 per cent of GDP in 2022-23.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
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