Annual debt growth has increased substantially since 2018 when the Ford government took office.
Between 2018/19 and 2022/23, the Ontario government expects a 6 per cent increase in inflation-adjusted per-person spending.
According to recent forecasts, the province's resource revenue will likely be higher than forecast in Budget 2022.
The province's net debt has climbed from $338 billion in 2018 to more than $400 billion.
The government has increased per-person spending by more than 10 per cent between 2018/19 and 2020/21.
When tax rates increase, people often change their economic behaviour in ways that shrink the targeted tax base.
The region's average per-person GDP is 32.7 per cent larger than Ontario's.
The carbon tax will cost Canadians an estimated 184,000 jobs.
Ramping up interest rates at this juncture places more of the burden of fighting inflation on consumers.
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