According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest.
Ontario's debt interest costs are expected to increase to $13.9 billion in 2022/23.
According to forecasts, Ontario's net government debt will approach $463 billion in 2022/23.
Ontario now anticipates a $38.5 billion budget deficit this fiscal year.
Ontario spent $12.5 billion on government debt interest in 2020/21.
According to the recent budget, Ontario's deficits will average 3.7 per cent of GDP over the next three years.
Over the next three fiscal years, Ontario’s cumulative deficit will hit a forecasted $99.7 billion.
In fiscal year 2022/23, Ontario's government debt interest costs will reach $13.9 billion.
Net debt reached $355 billion at the end of last year.
Ontario’s budget deficit will likely be the largest in provincial history.