The province’s nominal debt will rise from $440 billion in 2021/22 to $504 billion in 2023/24.
Ontario's debt interest costs will rise by 21 per cent.
Between 2000 and 2019, New York's average per-person GDP growth more than doubled Ontario's growth rate.
According to the budget, debt interest payments will total $13.1 billion in 2021/22.
The government has run budget deficits every year since 2008/09.
According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest.