The province plans to spend $14.1 billion on debt interest in 2023/24.
The budget projects a deficit of $1.3 billion this year.
At 53.53 per cent, the province has the third-highest top personal income tax rate in Canada and the United States.
Under the Ford government, inflation-adjusted per-person spending has increased by 2.4 per cent annually.
The province holds $380.4 billion in debt—or nearly $26,000 per Ontarian.
Government-sector workers in the province enjoy a 10.3 per cent wage premium over their private-sector counterparts.
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.