Premier Ford’s first budget called for continued nominal spending growth.
Ontario’s debt burden is forecasted to increase by $48.2 billion between 2018 and 2023.
Ontario's net debt will reach a forecasted $390 billion within the next five years.
Throughout the 1970s and ’80s, governments across the country regularly ran deficits and racked up debt.
According to forecasts, by 2023/24, Ontario's annual government debt interest costs will hit $15.5 billion.
Ontario’s debt load will soar to a forecasted $392 billion by 2023/24.
Ontario has the second-highest top combined provincial/federal marginal income tax rate in North America.
Over the next five years, net debt is expected to climb at an annual average rate of $9.6 billion per year.
Program spending this year is projected to be $17.7 billion higher than two years ago.
Ontario's 2018-19 deficit is an estimated $13.5 billion.