The government of Ontario is the largest sub-national borrowerin the world, owing a whopping $359 billion as of March 31, 2019.Ontario debt to GDP ratio current stands at 41%. Please review thefiscal policy chapter and try to assess the fiscal policy of thegovernment of Ontario. Include analysis on Ontario's economicsituation by listing GDP growth rate, inflation rate, unemploymentrate, etc. Try to base your analysis by answering the followingquestions:
1.The government of Ontario has issued a sizable portion of itsdebts in foreign currencies. What are advantages and disadvantagesof issuing foreign currency debts?
