Ontario will spend an estimated $13 billion on government debt interest costs in 2020/21.
This year's federal budget deficit will reach a projected $381 billion.
Ottawa annually pocketed $22 billion more in revenue from Alberta than it spent in the province.
Ontarians carry the second-largest combined government debt burden among Canadians.
Ottawa expects the federal deficit to reach $381.6 billion in 2020/21.
Eliminating the entire equalization program this year would reduce the federal deficit by only 5.4 per cent.
Up to $22.3 billion of income stabilization spending was likely wasted or poorly targeted.