The projected deficit will hit $9 billion in 2019-20.
ontario government debt
Ontario's provincial net debt is pushing $360 billion.
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.
The Ford government now forecasts a $11.3 billion deficit this year.
According to forecasts, by 2023/24, Ontario's annual government debt interest costs will hit $15.5 billion.
The provincial net debt could hit $390 billion by 2023-24.
Over the next five years, net debt is expected to climb at an annual average rate of $9.6 billion per year.