Comment 123859

By ASmith (registered) | Posted October 02, 2018 at 15:05:17

According to budget documents, Ontario's revenue as a percent of GDP was below 16% from 1993-2004. In 2004, McGuinty introduced the health care premium and revenue shot up to 16.25% for 2005, up from 15.04% in 2004. Since then, it's never dropped below 16% of GDP.

1) Revenue 2) Interest 3) Total Exp's 4) Non Interest Exp's 5) Ontario GDP 6) Non Interest Exp's % of GDP 7) Revenue % of GDP 8) Total Exp's % of GDP 9) Deficit % of GDP

     (1)     (2)      (3)    (4)      (5)    (6)      (7)    (8)     (9)

1993 41807 5293 54235 48942 285101 17.17% 14.66% 19.02% 4.36% 1994 43674 7129 54876 47747 291733 16.37% 14.97% 18.81% 3.84% 1995 46039 7832 56168 48336 309031 15.64% 14.90% 18.18% 3.28% 1996 49473 8475 58273 49798 327246 15.22% 13.85% 17.81% 3.96% 1997 49450 8607 56355 47748 335843 14.22% 13.27% 16.78% 3.51% 1998 52518 8729 56484 47755 357300 13.37% 13.24% 15.81% 2.57% 1999 55786 9016 57788 48772 372630 13.09% 14.97% 15.51% 0.54% 2000 62931 9497 61909 52412 396775 13.21% 15.86% 15.60% -0.26% 2001 66294 10873 64392 53519 440759 12.14% 15.04% 14.61% -0.43% 2002 72307 10337 71932 61595 453701 13.58% 15.94% 15.85% -0.08% 2003 74675 9694 74558 64864 477763 13.58% 15.63% 15.61% -0.02% 2004 74269 9604 79752 70148 493081 14.23% 15.06% 16.17% 1.11% 2005 83861 9368 85416 76048 516106 14.73% 16.25% 16.55% 0.30% 2006 90305 9019 90007 80988 537383 15.07% 16.80% 16.75% -0.06% 2007 96640 8831 94371 85540 560286 15.27% 17.25% 16.84% -0.40% 2008 103579 8914 102979 94065 585723 16.06% 17.68% 17.58% -0.10% 2009 96933 8566 103342 94776 587827 16.12% 16.49% 17.58% 1.09% 2010 96313 8719 115575 106856 597882 17.87% 16.11% 19.33% 3.22% 2011 107175 9480 121186 111706 630989 17.70% 16.99% 19.21% 2.22% 2012 109773 10082 122742 112660 659743 17.08% 16.64% 18.60% 1.97% 2013 113369 10341 122589 112248 680084 16.51% 16.67% 18.03% 1.36% 2014 115911 10572 126364 115792 695349 16.65% 16.67% 18.17% 1.50% 2015 118546 10635 128861 118226 727962 16.24% 16.28% 17.70% 1.42% 2016 128377 10967 131891 120924 763276 15.84% 16.82% 17.28% 0.46% 2017 133228 11250 134752 123502 798218 15.47% 16.69% 16.88% 0.19%

Sources... (10 year review numbers)

https://www.poltext.org/sites/poltext.or...

http://www.archives.gov.on.ca/en/histori...

https://www.fin.gov.on.ca/en/budget/onta...

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