Government workers in Ontario receive higher wages and more generous benefits than similar workers in the private sector.
Over the next three fiscal years, Ontario’s cumulative deficit will hit a forecasted $99.7 billion.
The Ford government has said this week's budget will focus on COVID response measures.
Net debt reached $355 billion at the end of last year.
Ontario’s budget deficit will likely be the largest in provincial history.
Ontario’s net debt more than doubled in one decade, to $324 billion in 2017.
The province's deficit this year will be 4.6 per cent larger than the Ontario economy.
Ontario entered this recession with an already elevated government debt burden.
In 1990, Ontario’s debt-to-GDP ratio stood at 13 per cent.
Less permit fee and land transfer tax revenue is driving Toronto’s overall revenue drop.