In 2017/18, Ontario’s net debt reached $308 billion.
ontario government spending
The FAO projects a deficit of $12 billion due to higher spending and weak revenue growth.
Between 2007/08 and 2018/19, Ontario’s debt has grown from $157 billion to $325 billion.
This year, the government expects to add $16.8 billion to the province’s net debt.
This year’s budget plans to increase program spending by 6.1 per cent this year.
Quebec subsidies cost north of $2.4 billion a year or roughly $9,700 per child.
The upcoming 2018 budget will send a clear signal about the Wynne government’s direction.
Ontario's top personal income tax rate is 53.5 per cent.
Next year Ontario’s debt burden per person is projected to surpass Quebec’s.