The province expects a $33.1 billion deficit next year.
According to the recent budget, Ontario's deficits will average 3.7 per cent of GDP over the next three years.
Ontario’s net debt more than doubled in one decade, to $324 billion in 2017.
Ontario’s debt burden is forecasted to increase by $48.2 billion between 2018 and 2023.
Ontario's net debt will reach a forecasted $390 billion within the next five years.
Over a decade, inflation-adjusted per-student spending rose by 18.5 per cent.
This year’s budget shortfall is projected to eclipse $14 billion.
Despite Premier Ford’s rhetoric, government spending in Ontario will still be up markedly this year.
If Queen’s Park reduces spending by $5 billion, it could eliminate two-thirds of the provincial deficit.