ontario debt

All major parties promise bigger government in Ontario

The province’s debt problem is due to dramatic increases in government spending.

Most of Ontario’s new debt due to day-to-day spending

Between 2007/08 and 2018/19, Ontario’s debt has grown from $157 billion to $325 billion.

Ontario now adding debt even faster than before

This year, the government expects to add $16.8 billion to the province’s net debt.

The Wynne budget—more spending, more fiscal problems, more debt

This year’s budget plans to increase program spending by 6.1 per cent this year.

Debt-laden budgets now an Ontario rite of spring

Ontario’s debt-to-GDP ratio has climbed from 26 per cent pre-recession to 38 per cent today.