The budget projects a deficit of $278.9 million this year.
Blog - Fraser Forum
The total value of government debt in 2022 in Canada exceeded the entire size of the economy by more than 10 per cent.
The budget projects a deficit of $1.3 billion this year.
Per-person spending will reach $14,790 in 2023/24—an increase of about 5 per cent from 2019/20.
Most governments across Canada have recognized that it’s unfair to collect additional tax revenue on salary adjustments.
Ontario's government debt has reached nearly $400 billion.
The effects of a recession could set off a debt “doom loop” with the debt ratio spiralling upward.
The province's debt-to-GDP ratio will climb to a projected 22.5 per cent in 2025.
Ontario is approaching an all-time high in inflation-adjusted per-person spending.
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