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Which premiers are the best money managers?
OTTAWA — B.C. Premier Gordon Campbell ranks No. 1 in terms of dealing with fiscal policy whereas Dalton McGuinty, premier of Ontario, is the weakest, according to an analysis conducted by the Fraser Institute think-tank released Monday.
Further, the study`s authors suggest premiers from western Canada tend to be better fiscal managers than their counterparts in central and eastern Canada.
"Of the 10 premiers we examined, Premier Campbell simply did a better job than the others of managing his province`s public finances and pursuing sound long-term economic policies," said Niels Veldhuis, Fraser Institute`s senior economist and co-author of analysis.
"Given the size of Ontario`s economy, the last-place ranking of Premier McGuinty is particularly alarming. The lesson here is that Premier McGuinty should follow Premier Campbell`s lead and stick to prudent spending increases, lower taxes, and surplus budgets."
The Ontario government has mapped a slow road to balancing the province`s books. It has projected a deficit of $19.7-billion for fiscal year 2010-11, and would remain in the red until 2017-18.
Read the full article here.
OTTAWA — B.C. Premier Gordon Campbell ranks No. 1 in terms of dealing with fiscal policy whereas Dalton McGuinty, premier of Ontario, is the weakest, according to an analysis conducted by the Fraser Institute think-tank released Monday.
Further, the study`s authors suggest premiers from western Canada tend to be better fiscal managers than their counterparts in central and eastern Canada.
"Of the 10 premiers we examined, Premier Campbell simply did a better job than the others of managing his province`s public finances and pursuing sound long-term economic policies," said Niels Veldhuis, Fraser Institute`s senior economist and co-author of analysis.
"Given the size of Ontario`s economy, the last-place ranking of Premier McGuinty is particularly alarming. The lesson here is that Premier McGuinty should follow Premier Campbell`s lead and stick to prudent spending increases, lower taxes, and surplus budgets."
The Ontario government has mapped a slow road to balancing the province`s books. It has projected a deficit of $19.7-billion for fiscal year 2010-11, and would remain in the red until 2017-18.
Read the full article here.