Between 2018/19 and 2022/23, the Ontario government expects a 6 per cent increase in inflation-adjusted per-person spending.
It’s always easier to promise fiscal restraint several years down the road than actually deliver on it.
The government has increased per-person spending by more than 10 per cent between 2018/19 and 2020/21.
Despite steep budget deficits, successive provincial governments have been unwilling to reduce spending.
The average annual growth rate in investment in residential structures was only 1.4 per cent.
According to the budget, debt interest payments will total $13.1 billion in 2021/22.
By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion.