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Accounting for Ontario's Debt

Today, the Ontario Chamber Network and OCC released its most recent report, Accounting for Ontario’s Debt, offering a thoughtful and balanced analysis of the province’s debt.

Ontario’s debt currently amounts to approximately 41 percent of the provincial GDP or, when combined with the federal debt of $680 billion, represents a near 80 percent debt-to-GDP ratio for Ontarians.

With talk of looming provincial debt top of mind, this timely report examines what Ontario’s debt means for the economy of today and tomorrow.

In a recent OCC survey, nearly 80 percent of respondent businesses stated they were concerned about the impact the provincial debt could have on Ontario’s economy.

Managing the provincial debt has been a long-standing concern for the business community as Ontario’s fiscal health directly impacts the ability of business to remain competitive and capitalize on new opportunities.

As the province heads into a time of economic uncertainty, coupled with the possibility of rising interest rates, we urge the government to focus on balancing continued investments in economic development with putting the province’s finances on steady footing.

Paying down the debt should not be at the risk of long-term economic growth or needed investments in infrastructure and services that will have a high return on taxpayer dollars, helping to bolster industry and our economy for generations to come.

Our message in advance of Budget 2019 is about balance: accounting for our province’s debt in a reasonable manner while focusing on key investments and competitive taxation is critical to a stronger Ontario and competing on the global stage.

Click Here to Read the Full Report

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Belleville & District Shrine Club
Group Benefit Plan for Chamber Members
Be Prepared First Aid Traning - 15% off
Body Systems Nutrition - 15% OFF purchases.
Shoppers Drug Mart - Save 20% on Thursdays
St. John Ambulance - Discount on training
Parsons Cleaners Member offer - 10% OFF
Superior Propane - Save 5% on fixed price propane
Stirling Festival Theatre - Group Discounts available to members
Dinkles & Paulos Restaurants - 10% OFF
Cloud Bookkeeping Services - 10% OFF
Friendly Fires - 10% OFF
Papa Johns Pizza Member Offer- 25% off
Grand & Toy - Cost-saving solutions
Constant Contact Chamber Member Offer
Grand & Toy - Members can save up to 85%
OSM Website design - SAVE on services.
RBC - Save on Bank charges
Jesan Property Maintenance - SAVE 10%
NRG Alternatives - 10% Discount
Esso Chamber
OSM Website design - SAVE on services.
Grand & Toy - Members can save up to 85%
Be Prepared First Aid Traning - 15% off
Quinte Siding - 10% OFF
St. John Ambulance - Discount on training
Friendly Fires - 10% OFF
Stirling Festival Theatre - Group Discounts available to members
Allen Insurance - Exclusive Chamber Member Rates
Belleville & District Shrine Club
Group Benefit Plan for Chamber Members
Dinkles & Paulos Restaurants - 10% OFF
Cloud Bookkeeping Services - 10% OFF
Parsons Cleaners Member offer - 10% OFF
NRG Alternatives - 10% Discount
Jesan Property Maintenance - SAVE 10%
Grand & Toy - Cost-saving solutions
RBC - Save on Bank charges
Constant Contact Chamber Member Offer
Body Systems Nutrition - 15% OFF purchases.
Superior Propane - Save 5% on fixed price propane
Shoppers Drug Mart - Save 20% on Thursdays
Esso Chamber
Papa Johns Pizza Member Offer- 25% off