The Canadian PressFebruary 3, 2014 14:17
TORONTO - The Canadian Taxpayers Federation urged the Ontario government Monday to slash $13 billion in spending to balance the books in 2014 and start paying down some of the province's record debt.
Ontario's debt doubled under 10 years of Liberal rule to $272.8 billion, which cost $10.6 billion this year just to pay the interest, said CTF director Candice Malcolm.
"There are real consequences to carrying this much debt," she said. "This is the third largest, and fastest growing expenditure in our budget."