ontario government spending
According to the budget, debt interest payments will total $13.1 billion in 2021/22.
By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion.
High spending levels increase government debt, which raises the spectre of future higher taxes and creates uncertainty for potential investors.
Within two fiscal years of Chretien's 1995 budget, federal finances had moved from large deficits to surpluses.
Most of Ontario’s February employment gains were for part-time work.
According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest.
By 2020/21, the provincial net debt equaled $27,010 per Ontarian.
Ontario's debt interest costs are expected to increase to $13.9 billion in 2022/23.