Report Released On Ontario Debt

A Conservative think-thank says government borrowing, not infrastructure investment is to blame for Ontario’s debt to rise.
A report from the Fraser Institute says the provincial debt has grown $117-billion since the 2008-09 recession.
It says 66% of the increase is directly attributable to day-to-day expenses exceeding revenues on an annual basis.
The report suggests a change in fiscal direction, including reduced spending is required to keep the debt and economy in check.