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.
It’s always easier to promise fiscal restraint several years down the road than actually deliver on it.
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.
Ontario's debt interest costs will rise by 21 per cent.
According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.
According to the budget, debt interest payments will total $13.1 billion in 2021/22.