Wynne among Canada’s worst fiscal managers

Fraser Institute performance analysis ranks former NL premier Dunderdale best.

VANCOUVER— Ontario’s Kathleen Wynne ranks as one of the worst Canadian premiers at managing provincial government finances while Saskatchewan’s Brad Wall ranks as one of the best, according to an analysis by the Fraser Institute.

Measuring the Fiscal Performance of Canada’s Premiers, 2015 examines the records of 10 Canadian premiers (five current and five former) relative to each other during their time in office up to the 2013/14 fiscal year.

Of the current premiers included in the policy think tank’s analysis and expected to table budgets this spring, Wall ranks first, while Wynne — the premier of Canada’s largest province — finishes last.

The study assigns each premier an overall score (out of 100) and rank (out of 10) based on their relative performance on three core components of fiscal policy: government spending, taxes, and deficits and debt. Premiers who managed spending more prudently, balanced their books and paid down debt, and reduced or maintained key tax rates – relative to their counterparts – ranked higher.

Wynne scored 39.5, placing sixth on government spending, fifth on taxes and last on the deficits and debt component, running the largest average deficit of all the premiers at 1.5% of GDP.

At the top of the rankings are Kathy Dunderdale, former Newfoundland and Labrador premier (84.6), Wall (71.5) and Christy Clark, premier of BC (64.8).

Charles Lammam, Fraser Institute associate director of tax and fiscal policy and study co-author said there’s room for improvement among the top performers.

“In Saskatchewan, for example, annual government spending increases were largest, greatly outpacing average inflation and population growth. In B.C., the province’s tax competitiveness has taken a hit with recent tax rate hikes on both corporate and personal income,” he said.

And several premiers who took office after 2013/14 are contending with the weak fiscal records of their predecessors. He noted Alison Redford, former Alberta premier, ranks sixth with “particularly poor performance” on the government spending and deficits and debt components, while Pauline Marois, former premier of Quebec, ranks seventh.

Here are the overall rankings:

1) Kathy Dunderdale, former premier, NL (84.6)

2) Brad Wall, Sask. (71.5)

3) Christy Clark, BC (64.8)

4) Greg Selinger, Man. (49.9)

5) David Alward, former premier, NB (46.0)

6) Alison Redford, former premier, Alta. (45.9)

7) Pauline Marois, former premier, Que. (40.8)

8) Kathleen Wynne, Ont. (39.5)

9) Darrell Dexter, former premier, NS (36.9)

10) Robert Ghiz, PEI, stepping down in February (33.2)

3 Comments » for Wynne among Canada’s worst fiscal managers
  1. Doug Geddes says:

    It’s no surprise that she is an incompetent money manager. What was a surprise is how stupid the people of Ontario were to elect the crooks. They wasted billings on gas plants and the MARS building. Every penny of that should have come from the Liberal party, not the people of Ontario. She is probably the worst money manager in Canadian history.

  2. Brenda Lukovnjak says:

    Why are we not surprised? Not only does she not have the capability of managing money she can’t tell the truth about anything, every time she speaks she lies I guess she was brought up that way or she was well trained by her former boss remember McGuinty the guy who left but should be in Jail along with Wynne to mention a few Amazing how she has some timers when it is convenient for her. I think she needs to see a money manager councillor maybe that Woman from till debt do us part.

  3. Clarence French says:

    Well said Doug & Brenda
    I was astounded when the people here voted the Liberals back into power in the last election. I was even more astounded when it turned out to be a majority government!!
    Unfortunately, all of Ontario’s poorest citizens will suffer when Wynne passes her Ontario Pension Plan.
    Thanks to the McGuinty\Wynne Liberals Ontario’s finances are in a mess.

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