With Ontario projected to run deficits until the year 2095, and with annual payments on debt interest alone projected to surpass $180 billion by then, taxpayers in the province should sit up and take notice, says the Ontario director of a tax advocacy group. “I think people need to make their voices heard and tell our politicians that these are issues we care about,” Jay Goldberg, interim Ontario director for the Canadian Taxpayers Federation, told The Epoch Times. “Today we’re spending $14 billion on debt interest in Ontario, and yes, we’re looking at a trajectory that’s going to take us up to $180 billion a year. The reason for that is because governments are not planning to balance their budgets for 74 years straight from now, and they’ve actually been running deficits for a number of years before that.” In late June, the federal Parliamentary Budget Officer (PBO) released a …
Ontario’s Projected 74-year Deficit Doesn’t Bode Well for Taxpayers: Advocacy Group
August 4, 2021
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