Please read the details and Chart for yourselves; https://www.fraserinstitute.org/
Component 3: Deficits and debt
The final component measures the relative
performance of the premiers on deficits and
debt. Specifically, it measures a premier’s use
of deficit financing for government spending
and whether the premier increased or reduced
their province’s debt burden. The deficits and
debt component includes two measures, both
of which are calculated relative to the size of
the provincial economy (GDP). Deficits and surpluses
are captured by the average annual deficit
or surplus as a percentage of GDP over the
premier’s tenure. Debts are captured by the
average annual percentage change in net debt
as share of GDP. Premiers who recorded deficits
and increased government debt performed
worse than those who balanced their books and
reduced provincial debt.
In the current economic climate, the pursuit
of sound fiscal policy by our political leaders
is an important foundation for improving our
economic well-being. This report measures
the relative performance of 10 Canadian premiers
in three core areas of fiscal policy: government
spending, taxes, and deficits and debt.
Premiers who fare well should be commended,
while those lagging behind should use the performance
of others as a model for reform.
Regardless of where they ranked, all premiers,
even those with high rankings, have room for
According to the interview I listened to this morning Ontario's debt service is a greater expense that what is being paid on Hospital Care or Education.
This $ 300 Billion Dollars in Debt will require interest payment.
My bank would not allow me to borrow that much money without a plan of repayment.
What do you think?