Ontario's debt interest costs are expected to increase to $13.9 billion in 2022/23.
According to forecasts, Ontario's net government debt will approach $463 billion in 2022/23.
Ontario now anticipates a $38.5 billion budget deficit this fiscal year.
Ontario spent $12.5 billion on government debt interest in 2020/21.
According to the recent budget, Ontario's deficits will average 3.7 per cent of GDP over the next three years.
Over the next three fiscal years, Ontario’s cumulative deficit will hit a forecasted $99.7 billion.
In fiscal year 2022/23, Ontario's government debt interest costs will reach $13.9 billion.
Net debt reached $355 billion at the end of last year.
Ontario’s budget deficit will likely be the largest in provincial history.
The province's deficit this year will be 4.6 per cent larger than the Ontario economy.