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

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