Annual debt growth has increased substantially since 2018 when the Ford government took office.
It’s always easier to promise fiscal restraint several years down the road than actually deliver on it.
According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.
According to forecasts, Ontario's net government debt will approach $463 billion in 2022/23.
The province expects a $33.1 billion deficit next year.
According to the recent budget, Ontario's deficits will average 3.7 per cent of GDP over the next three years.
Ontario’s net debt more than doubled in one decade, to $324 billion in 2017.