The province's deficit this year will be 4.6 per cent larger than the Ontario economy.
The Ford government projected a deficit of $20.5 billion for 2020-21.
Ontario announced no measures to tackle the underlying problems in the province’s electricity market that cause higher prices.
Ontario's net debt is set to hit $354 billion this year.
Ontario's top marginal personal income tax rate of 53.53 per cent is the second-highest in North America.
Government-sector workers enjoy a wage premium of 10.3 per cent over workers in the private sector.
The projected deficit will hit $9 billion in 2019-20.
Premier Ford’s first budget called for continued nominal spending growth.
The Ford government now forecasts a $11.3 billion deficit this year.