Currently, equalization payments increase in line with nominal GDP growth.
Blog - Fraser Forum
The province’s nominal debt will rise from $440 billion in 2021/22 to $504 billion in 2023/24.
Between 2008/09 and 2019/20, the province's net debt increased by $71.8 billion.
The province had the capacity to perform more than 1.3 million CT exams but only 419,000 were actually performed.
Ontario's debt interest costs will rise by 21 per cent.
In 2019/20, equalization comprised 21 per cent of provincial government revenue in Prince Edward Island.
The share of Canadians age 65 or over is forecasted to rise from 17.4 per cent to 22.5 per cent.
According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.
Hospitals currently view patients as costs that eat into the budget.