The Ontario government projects a $19.9 billion deficit this year and continued deficits until 2027-28.
debt interest payments
The federal government projects a $52.8 billion budget deficit for 2022/23.
Federal debt interest will cost a projected $42.9 billion in 2026/27.
The federal debt is expected to eclipse $2 trillion by 2025-26.
Other countries have built health-care systems that perform better than Canada’s at a comparable or lower cost.
At $2,055 per person, the province's government debt burden is the highest in Canada.