TORONTO, ONTARIO--(Marketwired - March 17, 2014) - The Fraser Institute will release a new study Tuesday, March 18, examining the relative size and future of Ontario's government debt compared to that of California.
California is widely considered to be one of North America's most fiscally irresponsible jurisdictions but recently sought to right its financial ship through cuts to government spending and large income and sales tax hikes.
Meanwhile, the study, Ontario vs. California Debt Burdens, notes that Ontario, with a fraction of California's population and a significantly smaller economy, carries a debt load almost twice as large as the Golden State.
What does the future hold for Ontario? Can it get its debt under control?
A news release with additional information will be issued via Marketwired on Tuesday, March 18 at 6:30 a.m. (EST).
Sean Speer, Fraser Institute associate director of fiscal studies, will be in Toronto and available to media on Monday, March 17 and Tuesday, March 18.
Follow the Fraser Institute on Twitter / Like us on Facebook
The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org