Ontario’s budget deficit may eclipse $21 billion this year.
ontario government debt
The government’s debts exceed its financial assets by approximately $353.7 billion.
Ontario's top marginal personal income tax rate of 53.53 per cent is the second-highest in North America.
The provincial debt is forecasted to reach $360 billion this year.
Government-sector workers enjoy a wage premium of 10.3 per cent over workers in the private sector.
Quebec has substantially reduced its debt burden in recent years.
The projected deficit will hit $9 billion in 2019-20.
Ontario's provincial net debt is pushing $360 billion.
Premier Ford’s first budget called for continued nominal spending growth.