The government has run budget deficits every year since 2008/09.
ontario debt
According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest.
By 2020/21, the provincial net debt equaled $27,010 per Ontarian.
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.
The province expects a $33.1 billion deficit next year.
Government workers in Ontario receive higher wages and more generous benefits than similar workers in the private sector.
Over the next three fiscal years, Ontario’s cumulative deficit will hit a forecasted $99.7 billion.