According to projections, Ontario will spend more on debt interest than on post-secondary education this fiscal year.
According to budget forecasts, the federal government will run a $40.1 billion deficit this year.
The federal and provincial governments will run combined deficits of $86 billion in 2022.
B.C.'s net debt will reach a forecasted $88.8 billion by 2024/25.
The province's spending is projected to increase by $664 million over the next three years.
In 2020/21, the provinces ran a cumulative deficit of $59.8 billion.
This year's combined projected federal and provincial government deficits total $234 billion.
This year, the 10 provinces are projected to run cumulative deficits of nearly $80 billion.