In fiscal year 2022/23, Ontario's government debt interest costs will reach $13.9 billion.
The Ford government has said this week's budget will focus on COVID response measures.
Net debt reached $355 billion at the end of last year.
Ontario’s budget deficit will likely be the largest in provincial history.
Ontario’s net debt more than doubled in one decade, to $324 billion in 2017.
The province's deficit this year will be 4.6 per cent larger than the Ontario economy.
Ontario’s budget deficit may eclipse $21 billion this year.
Less permit fee and land transfer tax revenue is driving Toronto’s overall revenue drop.
The Ford government projected a deficit of $20.5 billion for 2020-21.
Provincial government debt-service costs are set to reach $13.2 billion this year.