Ontario needs debt repayment legislation: Tax watchdog

Candice Malcolm, Ontario director of the Canadian Taxpayers Federation, releases a pre-budget...

Candice Malcolm, Ontario director of the Canadian Taxpayers Federation, releases a pre-budget submission on Monday. (ANTONELLA ARTUSO/QMI Agency)

Antonella Artuso, Queen's Park Bureau Chief

, Last Updated: 8:30 AM ET

TORONTO - There should be a law to mandate the repayment of Ontario’s “scary” $272.8-billion debt, the Canadian Taxpayers Federation says.

CTF Ontario director Candice Malcolm also called on the Kathleen Wynne government to cut full-day kindergarten, crack down on sick day “abuse” by public workers and sell off the LCBO.

“The government has driven our province into $272.8-billion worth of debt,” Malcolm said Monday. “It’s difficult to even imagine a number this big but this is what our government owes, this is what we owe, thanks to overspending and mismanagement from our provincial government.”

The province has been spending more money than it takes in since the economy tanked in 2008-09.

The Wynne government has a plan to return to balanced budgets in 2017-18, but Finance Minister Charles Sousa has said that he will not cut valued public services in the name of deficit reduction.

Sousa is currently seeking input into his spring budget.

The CTF pre-budget submission says Ontario could balance the budget — and provide tax relief — if it follows a plan that includes a legislated debt repayment plan, spending restraint and the elimination of “failed” policies such as the Ontario Green Energy Act.


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