Over the next three fiscal years, Ontario’s cumulative deficit will hit a forecasted $99.7 billion.
ontario government debt
In fiscal year 2022/23, Ontario's government debt interest costs will reach $13.9 billion.
The Ford government has said this week's budget will focus on COVID response measures.
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’s electricity prices increased by 71 per cent.
Ontario entered this recession with an already elevated government debt burden.
In 1990, Ontario’s debt-to-GDP ratio stood at 13 per cent.
Ontario’s budget deficit may eclipse $21 billion this year.
The government’s debts exceed its financial assets by approximately $353.7 billion.