The Ontario government plans to increase the minimum wage to $15 in January.
ontario government spending
The province’s nominal debt will rise from $440 billion in 2021/22 to $504 billion in 2023/24.
Ontario's debt interest costs will rise by 21 per cent.
Between 2000 and 2019, New York's average per-person GDP growth more than doubled Ontario's growth rate.
According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.
According to the budget, debt interest payments will total $13.1 billion in 2021/22.
By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion.
High spending levels increase government debt, which raises the spectre of future higher taxes and creates uncertainty for potential investors.