By the end of this fiscal year, deficits under the Ford government will total a projected $41.7 billion over six years.
By the end of this fiscal year, deficits under the Ford government will total a projected $41.7 billion over six years.
Over the last 15 years, the province has run 14 budget deficits.
The government can hold nominal spending flat for one year without creating any management challenges.
The province's post-1990 average per-capita annual income growth rate was barely one-quarter that of its 1960 to 1990 rate.
The province’s $5.6 billion operating deficit is just the tip of the iceberg.
The Ford government will spend an estimated $12,405 per person this year compared to the Wynne government's average of $11,784.
The budget projects a deficit of $1.3 billion this year.
Ontario's government debt has reached nearly $400 billion.
The province's government debt burden equals 38.7 per cent of the provincial economy.