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Net Debt-to-GDP G7 Countries & Ontario, 2009
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Ontario's net-debt-to-GDP ratio of 34.1% and Canada's ratio of 28.2% are the best among the G7 countries. Canada's ratio is more than 50% lower than that of the United States. The strong fiscal positions of the provincial and federal governments make it unlikely that recent tax cuts will be reversed to finance long-term debt.

Source: IMF World Economic Outlook (April 2010) and Ontario Financing Authority
(Ontario Data is from Fiscal year 2009-2010. All other data is from fiscal year 2010-2011)
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