ontario government debt
Since 2007, Ontario has seen its net debt approximately double, from $157 billion to $308 billion.
Annual average job-creation for 2014 to 2016 is below the rate seen during the immediate post-recession recovery period.
Ontario’s net debt is projected to climb to 40.2 per cent of the provincial economy this year.
Ontario will run its eighth consecutive budget deficit in 2015/16, with a projected $7.5 billion shortfall.
Ontario’s net debt has approximately doubled over the last decade and now stands at roughly $300 billion—or $21,000 per Ontarian.
The Ontario government has dug itself deep into debt and continues to spend more than the revenue it brings in each year.