The State of Ontario's Indebtedness: Warning Signs to Act

Ontario Prosperity Initiative, Fraser Institute, January 2013

66 Pages Posted: 16 Aug 2013

See all articles by Jason Clemens

Jason Clemens

Fraser Institute

Neils Veldhuis

Fraser Institute

Marc D. Joffe

Public Sector Credit Solutions

Ronald D. Kneebone

University of Calgary - The School of Public Policy; University of Calgary - Department of Economics

Margarita Gres

University of Calgary - The School of Public Policy

Livio Di Matteo

Lakehead University

Date Written: January 31, 2013

Abstract

The essays collected for this publication are designed to provide readers and particularly those in Ontario a better sense of where the province’s debt stands today, the expectations for the future, and warnings about the likely costs of inaction. Part of the motivation for this publication was the lack of genuine response to the much-heralded report of the Commission on the Reform of Ontario’s Public Services, or what became known as the Drummond Report, named after the chair of the commission, Donald Drummond. Simply put, the conclusions of the Drummond Report should have been a wake-up call for the Ontario Government regarding the immediate need for reform of the province’s spending. Instead, the government has chosen to try to simply slow the rate of growth in spending over the next few years without any serious reform.

Keywords: Government Performance, Government Spending

Suggested Citation

Clemens, Jason and Veldhuis, Neils and Joffe, Marc D. and Kneebone, Ron and Gres, Margarita and Di Matteo, Livio, The State of Ontario's Indebtedness: Warning Signs to Act (January 31, 2013). Ontario Prosperity Initiative, Fraser Institute, January 2013, Available at SSRN: https://ssrn.com/abstract=2303975

Jason Clemens (Contact Author)

Fraser Institute ( email )

1770 Burrard Street
4th Floor
Vancouver, British Columbia V6J 3G7
Canada

Neils Veldhuis

Fraser Institute ( email )

1770 Burrard Street
4th Floor
Vancouver, British Columbia V6J 3G7
Canada

Marc D. Joffe

Public Sector Credit Solutions ( email )

1655 N. California Blvd.
Suite 223
Walnut Creek, CA 94596
United States
14155780558 (Phone)

HOME PAGE: http://www.publicsectorcredit.org

Ron Kneebone

University of Calgary - The School of Public Policy

Calgary, Alberta
Canada

University of Calgary - Department of Economics ( email )

2500 University Drive, NW
Calgary, Alberta T2N 1N4
Canada

Margarita Gres

University of Calgary - The School of Public Policy ( email )

Calgary, Alberta
Canada

Livio Di Matteo

Lakehead University ( email )

955 Oliver Road
Thunder Bay, Ontario P7B 5E1
Canada

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