The government will increase program spending by $4.2 billion in 2024/25 and $3.5 billion in 2025/26.
The government will increase program spending by $4.2 billion in 2024/25 and $3.5 billion in 2025/26.
In 2017-18, Ontario government program spending was 17.3 per cent of GDP compared to 17.9 per cent this fiscal year.
By the end of this fiscal year, deficits under the Ford government will total a projected $41.7 billion over six years.
The province’s $5.6 billion operating deficit is just the tip of the iceberg.
The province's government debt burden equals 38.7 per cent of the provincial economy.
The province's spending is forecasted to be $29.4 billion higher than previously projected for 2022/23.
Despite years of criticizing its predecessors for reckless spending, the Ford government has followed a similar fiscal path.
Compared to Ontario, the average per-capita GDP is 32.7 per cent higher in the rest of the Great Lakes region.