Ontario’s budget deficit will likely be the largest in provincial history.
Ontario’s net debt more than doubled in one decade, to $324 billion in 2017.
The province's deficit this year will be 4.6 per cent larger than the Ontario economy.
Ontario entered this recession with an already elevated government debt burden.
In 1990, Ontario’s debt-to-GDP ratio stood at 13 per cent.
Less permit fee and land transfer tax revenue is driving Toronto’s overall revenue drop.
The Ford government projected a deficit of $20.5 billion for 2020-21.
Alberta’s per-person government debt has eclipsed $10,000 this year.
Provincial government debt-service costs are set to reach $13.2 billion this year.
The government’s debts exceed its financial assets by approximately $353.7 billion.