Comment 75035

By A Smith (anonymous) | Posted March 05, 2012 at 17:07:16 in reply to Comment 75034

Ontario's debt charges ($9.527 billion) in 2010-11 were 1.55% of GDP.

In 2007-08, just prior to the recession and before any talk of a debt crisis for Ontario, debt charges were ($8.914 billion) 1.53% of GDP.

Back in 2002-03, after a few years of surpluses, debt charges were ($9.694 billion) 2.03% of GDP.

Newfoundland, which has had a very strong economy in recent years, had debt charges in 2009-10 of 3.62%/GDP.



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