Ontario is approaching an all-time high in inflation-adjusted per-person spending.
ontario's finances
The province's spending is forecasted to be $29.4 billion higher than previously projected for 2022/23.
Roughly half of all business income tax revenue collected by the province was sent back to select firms and industries.
Government wages in the province were 10.9 per cent higher, on average, than wages in the private sector.
Despite years of criticizing its predecessors for reckless spending, the Ford government has followed a similar fiscal path.
Government workers in the province enjoy higher wages and benefits compared to similar private-sector workers.
Government-sector workers in the province enjoy a 10.3 per cent wage premium over their private-sector counterparts.
The province’s net debt will reach a projected $428.7 billion this year.
According to forecasts, the province’s net debt will eclipse $468 billion by 2024/25.