Annual debt growth has increased substantially since 2018 when the Ford government took office.
It’s always easier to promise fiscal restraint several years down the road than actually deliver on it.
The province's net debt has climbed from $338 billion in 2018 to more than $400 billion.
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 government projects a budget deficit of $21.5 billion for 2021-22.
In the recent past, the province's recessions have been followed by extended periods of debt growth.