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